Nvidia (NASDAQ: NVDA) stock's outstanding surge in the past year has led to a massive jump in its market cap, and the semiconductor giant is now counted as one of the world's largest companies. More specifically, Nvidia's market cap of $2.22 trillion means it is now the third-biggest company globally, ranking just behind Apple (NASDAQ: AAPL), which has a market cap of $2.61 trillion.

It is worth noting that these tech giants have experienced divergent fortunes on the stock market in 2024. While shares of Nvidia shot up 79% this year already, Apple stock has moved in the opposite direction, dipping 12% as of this writing. As a result, Nvidia is now within touching distance of Apple's market cap.

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Source Fool.com