Nvidia (NASDAQ: NVDA) has become the second-largest company in the world, with a market capitalization of $3.3 trillion as of this writing. The semiconductor giant's impressive rise can be justified by the phenomenal increase in its revenue and earnings over the past couple of years,

If the stock keeps its premium earnings multiple, it can finish the year as the world's largest company. 2024 was the year Nvidia-- at least briefly -- became the world's largest company by market capitalization.