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Nvidia soaring market cap nears Amazon and Alphabet, fueled by surging AI demand

Nvidia is now worth $1.7 trillion -- make that $1.82 trillion...
Jackpot baby! Artificial intelligence has proven incredibly fruitful for Nvidia and its shareholders over the past year, and could even help the chipmaker surpass Amazon in terms of total market capitalization. Closing at over $720 today, that's an increase of more than 20% year over year and nearly 50% since the beginning of 2024.
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Microsoft's valuation has increased 10x in the past 10 years under Satya Nadella

The big picture: Microsoft's market value has gone up more than 10 times since Satya Nadella took charge of the company in 2014, replacing its former CEO, Steve Ballmer. During that same time, the broader S&P 500 only grew 185 percent, making Microsoft one of the best-performing large-cap stocks in the country over the past decade.