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Nvidia eclipses Microsoft as world's most valuable company

  • Nvidia's chipmaker shares rose 3.2% in mid-day trading on Tuesday, surpassing Microsoft in market cap at $3.33 trillion after previously hitting $3 trillion, surpassing Apple.
  • Nvidia dominates the AI chip market with 80% share, benefiting from companies like OpenAI, Microsoft, Alphabet, Amazon, and Meta increasing AI model workloads.
  • The stock climbed 170% this year due to its AI chip market leadership, closing 3.5% higher on Tuesday.
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The American manufacturer of chips and computer equipment Nvidia has overtaken Microsoft in market capitalization to become the most valuable company in the world, writes Reuters.

·Riga, Latvia
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American chipmaker Nvidia has become the most valuable company in the world, after its shares rose by 3.5 percent to $135.60 and raised its market value to $3.33 billion.

·Belgrade, Serbia
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The AI boom has made chip company Nvidia the most valuable company on the stock exchange. Nvidia reached a market value of just over 3.33 trillion dollars (around 3.1 trillion euros) on Tuesday, overtaking software giant Microsoft. With the rise to the top, Nvidia shares are the stock with the best price performance in the past 25 years, as calculated by financial service Bloomberg. Since the IPO in 1999, according to Bloomberg figures, includin…

·Vienna, Austria
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MarketWatch broke the news in United States on Tuesday, June 18, 2024.
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