📈 Market Cap Titans of 2024: Apple, Microsoft, and Nvidia’s Trillion-Dollar Showdown
In 2024, Apple, Microsoft, and Nvidia competed fiercely in the three-trillion-dollar market capitalization arena. Apple, the first U.S. company to achieve a $1 trillion valuation in 2018, briefly reached $3 trillion in January 2022 and continued to assert its dominance. Microsoft followed closely, hitting $3 trillion in January 2024.
Nvidia's meteoric rise was the standout story, growing from $360 billion in 2022 to surpass $1 trillion in May 2023, $2 trillion by March 2024, and an unprecedented $3 trillion by June 2024. By October 2024, Nvidia overtook Microsoft and began challenging Apple's long-held leadership. However, the dynamics shifted in November 2024: Nvidia briefly surpassed Apple in market cap on November 4 but was overtaken by Apple again on November 26. This ongoing rivalry underscores the shifting balance of power among tech giants in the era of artificial intelligence and innovation-driven growth.