Nvidia has once again claimed the title of the world’s most valuable company, surpassing Microsoft after a significant jump in its stock price. On Wednesday, June 25, Nvidia shares surged by over 4%, pushing the company’s market capitalization to $3.75 trillion. This growth also added approximately $5 billion to the personal wealth of CEO Jensen Huang, who owns about 3% of the company — more than 859 million shares.
The stock closed at $154.31, breaking its previous record of $149.53, and briefly peaked at $154.43 during intraday trading. Nvidia’s single-day market cap increase of around $150 billion allowed it to leap past Microsoft, valued at just over $3.6 trillion.
Interestingly, despite this massive rise, Huang has continued selling shares as part of a scheduled plan to offload up to 6 million shares by year-end. Last year, he sold roughly $700 million worth of Nvidia stock under a similar plan.
Nvidia’s stock has climbed 11% since the beginning of the year, overcoming initial investor concerns about U.S. export restrictions. Despite a $5.5 billion sales impact forecasted due to chip export limits to China, Huang emphasized strong global demand for Nvidia’s AI infrastructure.
