Reported 8 months ago
Nvidia has surpassed Microsoft and Apple to become the world's most valuable company, with a market value of $3.34 trillion driven by the high demand for its AI chips. The company's shares have surged 170% this year, propelled by strong earnings and growing investor interest in AI. Nvidia's rapid rise to $3 trillion in 96 days is unprecedented, outpacing the time taken by other companies to reach this milestone. While Nvidia's stock valuation has increased, its impressive financial performance and positive forecasts continue to support its strong market position in the AI industry.
Source: YAHOO