Nvidia Corp (NASDAQ:NVDA) has become the world’s third-most valuable company. The Santa Clara, California-based company is nearing a $3 trillion market cap (on last check, it’s $2.8 trillion). It credits much of its growth to continuous earnings beats and demand for artificial intelligence (AI). Ranked among the so-called “Magnificent Seven,” Nvidia has already soared over 100% in 2024. Here’s how the Jensen Huang-led software firm compares to historic rallies by other large-cap companies. See Also: This Week In AI — Elon Musk Reacts To Nvidia’s Soaring Market Cap, ‘Big Short’ Michael Burry’s AI Picks Markets research company Bespoke Investments posted a graph on social media showing a 10-year rolling average share price ascensions of large-cap companies since 1992. See below.