Nvidia recently became the world's most valuable company, briefly surpassing Microsoft with a market capitalization of $3.34 trillion in July 2024. However, Apple has since regained the top spot with a market cap of $3.55 trillion, while Nvidia's market cap stands at $3.15 trillion. Nvidia's rise has been significant, with its market cap now representing 11.7% of US GDP, a substantial increase from Cisco's peak during the dotcom bubble. Investors are optimistic about Nvidia's future, with some predicting its market cap could reach double-digit trillions in the most optimistic outcome.