July 2 (Reuters) - Nvidia ( NVDA ) reclaimed the top

spot among the most valued companies worldwide in June, as its

shares were supported by renewed optimism over its leadership in

artificial intelligence and expectations of surging demand for

its AI chips.

The chipmaker's market value stood at $3.86 trillion at the

end of June, about 4.3% higher than Microsoft Corp's ( MSFT ) $3.69

trillion valuation.

However, Nvidia's ( NVDA ) market value has yet to surpass Apple

Inc's ( AAPL ) record high of about $3.92 trillion set in

December 2024. Apple ( AAPL ), with a market capitalization of $3.1

trillion, ranked as the third most valuable company at the end

of last month.

Meta Platforms Inc ( META ), Broadcom Inc ( AVGO ), and

Amazon.com Inc ( AMZN ) saw their market values rise by 14%,

13.9%, and 7% respectively last month, reaching $1.86 trillion,

$1.3 trillion, and $2.33 trillion.

The market value of Tesla Inc ( TSLA ) dropped 8.3% to $1.02

trillion last month, with sentiment hit by CEO Elon Musk's feud

with U.S. President Donald Trump.

"We believe both Nvidia ( NVDA ) and Microsoft ( MSFT ) will hit the $4

trillion market cap club this summer and then over the next 18

months the focus will be on the $5 trillion club ... as this

tech bull market is still early being led by the AI Revolution,"

said Daniel Ives, an analyst at Wedbush Securities.