Reported 8 months ago
NVIDIA has overtaken Microsoft to become the most valuable company globally with a market cap of $3.335 trillion, fueled by a remarkable 175.1% surge in its stock price year to date. This milestone follows NVIDIA’s quick climb to a $3 trillion valuation from $2 trillion in just three months. The company's momentum is driven by expectations in generative AI, as it stands poised to benefit from the increasing investments in this sector. NVIDIA's strategic positioning, robust financial performance, and role in transformative technologies like AI, gaming, and data center solutions have garnered investors' confidence, with projections for sustained long-term growth.
Source: YAHOO