The Trillion-Dollar Titans: Apple, Microsoft, and Nvidia in 2024’s Market Cap Race

In 2024, Apple, Microsoft, and Nvidia dominated the trillion-dollar market capitalization club, each competing for the top spot. Apple, the first U.S. company to reach $1 trillion in 2018, briefly hit $3 trillion in January 2022. Microsoft achieved this milestone in January 2024, while Nvidia’s meteoric rise reshaped the leaderboard.

Nvidia's journey was remarkable, growing from a $360 billion valuation in 2022 to surpass $1 trillion in May 2023, $2 trillion by March 2024, and $3 trillion by June 2024. By October, Nvidia had overtaken Microsoft and briefly challenged Apple’s leadership. During the U.S. presidential election period (November 5–22), Nvidia outpaced Apple but subsequently slipped behind both competitors.

By December 31, 2024, Apple solidified its dominance with a $3.79 trillion market cap, compared to Nvidia’s $3.28 trillion and Microsoft’s $3.13 trillion. The year showcased an intense rivalry among these tech giants, driven by innovation and AI advancements.