NVIDIA, the World's Largest Market Cap Technology Company in June 2024

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Nabilah Muhamad 20/06/2024 12:48 WIB

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According to Companies Market Cap data, NVIDIA became the world's largest technology company by market capitalization, reaching US$3.33 trillion on June 20, 2024.

Top 10 Global Technology Companies by Market Capitalization (June 20, 2024)

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NVIDIA, the World's Largest Market Cap Technology Company in June 2024

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Top 10 Global Technology Companies by Market Capitalization (June 20, 2024)

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According to Companies Market Cap data, NVIDIA is listed as the world's largest technology company by market capitalization, reaching US$3.33 trillion on June 20, 2024.

NVIDIA's share price has surged by 172.65% since the beginning of 2024. This increase is driven by high investor interest in artificial intelligence (AI) technology.

The American chipmaker will also soon build a US$200 million AI center in Solo, Indonesia. This facility will be built in Solo Technopark, a science and technology area located at Jl. Ki Hajar Dewantara No 19 Jebres, Surakarta.

Regarding this investment, NVIDIA is collaborating with PT Indonesia Tbk (ISAT). In addition, the state-owned telecommunications company Telkom Indonesia is also exploring opportunities for collaboration with NVIDIA in the field of AI.

“So this is an AI center in Indonesia, called Indonesian AI Nation,” said Minister of Communication and Informatics Budi Arie Setiadi in a statement in Jakarta, as reported by Katadata, Wednesday (April 3, 2024).

NVIDIA's market value surpasses other technology giants such as Microsoft in second place and Apple in third place globally.

Below is a complete list of the top 10 technology companies by market capitalization as of June 20, 2024:

1. NVIDIA (United States): US$3.33 trillion
2. Microsoft (United States): US$3.31 trillion
3. Apple (United States): US$3.28 trillion
4. Alphabet (United States): US$2.17 trillion
5. Amazon (United States): US$1.9 trillion
6. Meta Platforms (United States): US$1.26 trillion
7. TSMC (Taiwan): US$931.97 billion
8. Broadcom (United States): US$839.05 billion
9. Tesla (United States): US$589.55 billion
10. Tencent (China): US$455.95 billion

Editor : Erlina Fury Santika

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."