Nvidia briefly returned to the top of the list of the world's most valuable companies when its stock soared in early trading Thursday following a strong first-quarter earnings report.  

Nvidia (NVDA) shares jumped more than 6% in early trading on Thursday, adding more than $200 billion to the company’s market value and pushing the company's market cap to $3.49 trillion, edging out Microsoft’s (MSFT) $3.41 trillion value. Nvidia stock gave up ground throughou﷽t the day, and Microsoft ultimately overtook the AI chip g𒐪iant in market value by Thursday's close.

Nvidia shares reacted on Thursday to a solid quarterly report on Wednesday afternoon. Nvidia 澳洲幸运5官方开奖结果体彩网:reported record revenue in its fiscal first qu𝓀arter𓆉 as AI demand remained robust. 

Nvidia, Microsoft, and Apple (AAPL) have been jostling to be the world’s most valuable company for nearly a year. The three are the only companies to have ever achieved a market value of more than $3 trillion. Nvidia reached that milestone almost exactly a year ago, while Apple first 澳洲幸运5官方开奖结果体彩网:closed at $3 trillion in June 2023 and 澳洲幸运5官方开奖结果体彩网:Microsoft reached $3 trillion in January 2024. 

All three stocks have been hit to a certain degree by economic and trade uncertainty this year, but only Microsoft and Nvidia have shaken off the worst of it. Nvidia's and Microsoft's stocks are up about 5% and 9%, respectively, since the start of the year. Apple shares, meanwhile, are down about 20%, battered by President Donald Trump's aggressive tariffs on China, where the company assembles the majority of its products, and insistence that it 澳洲幸运5官方开奖结果体彩网:move production to America.

Nvidia’s market cap, despite Thursday's gains, remains below its record of $3.66 trillion from earlier January when shares 澳洲幸运5官方开奖结果体彩网:set their all-time high. 

Update—May 29, 2025: This story has been updated with the latest share price and market value data.