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Published 27 days ago

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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