Apple & Microsoft Trade Places as America’s Most Valuable Company

Key takeaways

• Apple has been America’s most valuable company in almost every year since 2012 (based on Q1 market caps)
• Stock valuations have ballooned over the past decade

Nvidia almost made it

In 2024, Nvidia briefly became America’s (and the world’s) most valuable company on two occasions in June and October. Because this graphic is based on March 31 valuations, the chipmaker hasn’t been featured...yet.