Nvidia Surpasses Microsoft and Apple as World’s Most Valuable Company

Nvidia has outperformed both Microsoft and Apple to become the most valuable publicly listed company worldwide, following an extraordinary increase in its share price. On Tuesday, Nvidia’s shares rose by 3.5%, reaching $135.58, which elevated its market capitalisation to an impressive $3.335 trillion. This surge has pushed the company ahead of the tech giants that have long dominated US stock markets.

The rise in Nvidia’s value is primarily driven by the growing demand for its chips, which are essential for training and operating advanced generative AI models like OpenAI’s ChatGPT. Over the past two years, Nvidia has transformed from a $300 billion company dealing with a chip surplus exacerbated by a cryptocurrency downturn into a dominant force in the tech industry. Major Silicon Valley companies are now eager to acquire Nvidia’s latest products.

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