Apple Inc. ended the first half of 2023 as the world's first $3 trillion company, but the California-based technology company's pace of market value growth did not crack the top 10 of the S&P 500 so far.

Apple's market capitalization jumped 46% from the end of 2022 to nearly $3.027 trillion on July 3, its most recent peak.

But several other companies, mainly technology firms and cruise lines that were previously battered by the COVID-19 pandemic, experienced more explosive growth in market value, according to the latest S&P Global Market Intelligence data.

Nvidia Corp. recorded the largest jump in market share, rising 191.6% from the end of 2022 to $1.050 trillion on July 11, the data shows. A surge in demand for Nvidia chips in building and updating AI systems drove the company's market cap over $1 trillion at the end of May.

Cruise lines, including Carnival Corp. & PLC, Royal Caribbean Cruises Ltd. and Norwegian Cruise Line Holdings Ltd., also recorded significant market cap gains this year on strong demand after the pandemic severely affected the industry.

Meanwhile, Advance Auto Parts Inc.'s market cap declined 51.79% to $4.20 billion this year, the biggest fall of any S&P 500 company. The company's stock fell steeply after first quarter revenue fell short of expectations.

With Nvidia's market value rising above $1 trillion, five companies in the S&P 500 now have market values above that mark. These five companies accounted for $9.290 trillion of market value, as of July 11. Tesla Inc.'s market cap was last above $1 trillion in April 2022 and Meta Platforms Inc.'s was last above that level in September 2021.