For the first time in history, who will be the first to reach a market capitalization of $4 trillion (approximately 5,450 trillion won)? Nvidia, a representative stock of artificial intelligence (AI), and Microsoft (MS), the world's largest software corporation, are competing for the title of the first $4 trillion corporation.
According to the New York Stock Exchange on the 6th, Nvidia is currently in first place with a market capitalization of $3.8879 trillion (approximately 5,300 trillion won). Following is MS, which ranks second with a market capitalization of $3.7077 trillion (approximately 5,060 trillion won). Based on current stock prices, Nvidia could exceed $4 trillion in market capitalization with a rise of 2.9%, while MS needs to increase by 7.9%.
Nvidia first reached a market capitalization of $1 trillion in May 2023. It then surpassed $2 trillion in March 2024 and $3 trillion in June of the same year. MS crossed over $1 trillion in April 2019, $2 trillion in June 2021, and $3 trillion in January 2024. Although MS has been ahead of Nvidia, there is a possibility that the title of the first $4 trillion corporation may go to Nvidia.
Market outlook favors Nvidia. According to data from the U.S. investment platform MarketScreener, 66 institutions set an average target price for Nvidia at $174.18, which is 9.31% higher than the current stock price. The average target price for MS, set by 62 institutions that disclosed investment opinions, is $524.26, which is 5.1% higher than the current stock price.
However, based on this year's stock price increases, it is difficult to make predictions. Since the beginning of this year, Nvidia's stock price has risen by 15.2%, while MS's stock price has jumped by 19.2%.
Apple, the 'record king', is somewhat lagging in the competition for the first $4 trillion corporation. Apple first surpassed the $1 trillion, $2 trillion, and $3 trillion marks in August 2018, August 2020, and July 2023, respectively. However, Apple's stock price has fallen by about 12.4% this year due to the impact of the U.S.-China trade dispute. With a market capitalization of $3.1985 trillion (approximately 3,455 trillion won), the stock price must rise over 25% to exceed $4 trillion.