Nvidia Surged to Become S&P 500's Most Valuable Company in June

Nvidia Corporation hit a new milestone on June 18, becoming the most valuable company in the S&P 500 for the first time after its stock hit a new high. The company, which creates and produces graphics processing units (GPUs), had a market worth exceeding $3.3 trillion at the time of the surge. 

In the latest quarter, Nvidia's revenue more than tripled compared to a year ago. Just a year ago, Nvidia's market value crossed the $1 trillion mark. After completing a 10-for-1 stock split in early June, Nvidia's stock price closed at $135.58 on June 18. 

Nvidia Corporation is a technological powerhouse. Founded 31 years ago with a focus on enhancing computer graphic processing capabilities, Nvidia's GPUs revolutionized gaming with cinematic visuals. Over time, it expanded into AI, developing chips that power a range of applications beyond gaming, including platform software, accelerated infrastructure, and artificial intelligence applications.