Semiconductor giant NVIDIA Corporation ( NVDA ) shows no signs of slowing down. On the heels of strong first-quarter earnings and guidance, shares continue to hit new all-time highs.

The third most valuable company in the world is now inching closer to overtaking technology giants Microsoft Corporation ( MSFT ) and Apple Inc ( AAPL ) for top honors.

What Happened: Nvidia ( NVDA ) shares closed up 7% to $1,140.53 on Tuesday, hitting new all-time highs and taking the market capitalization to $2.805 trillion.

Shares of the Santa Clara, California-based company are up over 270% in the last year. Nvidia ( NVDA ) first entered the $1 trillion market capitalization club in May 2023.

Only Microsoft ( MSFT ) at $3.198 trillion and Apple ( AAPL ) at $2.913 trillion currently have larger market capitalizations than Nvidia ( NVDA ).

Investors are likely wondering when Nvidia ( NVDA ), and at what share price, the semiconductor giant could pass the next two companies and take the most valuable crown.

Nvidia ( NVDA ) has 2.468 billion shares outstanding. Based on this share count and the current market capitalization, here are the share prices Nvidia ( NVDA ) needs to hit to pass Apple ( AAPL ) and Microsoft ( MSFT ). The prices assume that Apple ( AAPL ) and Microsoft ( MSFT ) will not gain in value from the time of writing into the future.

To pass Apple ( AAPL ) and become second most valuable company: $1,180.31 per share

To pass Microsoft ( MSFT ) and become most valuable company: $1,295.79 per share

Related Link: Nvidia Now Worth More Than Tesla, Exxon, Walmart, Costco, Netflix, Intel, Disney And Pepsi Combined: The Rise Of An AI Powerhouse

Why It's Important: After Nvidia's ( NVDA ) first-quarter earnings and guidance, many analysts raised their price targets with some higher than the prices mentioned above.

Nvidia ( NVDA ) announced an increased dividend and a stock split, two moves that won't change the valuation of the company, but could bring in new investors with the stock perceived as more affordable.

The stock could also become a new Dow Jones Industrial Average component in the future, according to financial market experts.

After hitting a market capitalization of $1 trillion in May 2023, Nvidia ( NVDA ) continues to experience one of the largest market gains in history and is in real distance to become the most valuable company in the world.

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