Reported 8 months ago
NVIDIA, founded by the 'AI Godfather' Jensen Huang, surpassed Microsoft for the first time on Tuesday to become the world's most valuable company with a market capitalization of 3.34 trillion USD, surpassing Microsoft's 3.32 trillion USD, with Apple at 3.27 trillion USD in third place. NVIDIA's stock price increased by 3.5% on Tuesday, while Microsoft fell by 0.5% and Apple by 1.1%. NVIDIA's significant growth over the past 18 months is mainly attributed to its unmatched chip technology in generative AI systems, as well as strategic market positioning. NVIDIA's recent stock split and impressive financial results have garnered attention from investors, solidifying its position as the largest company by market value globally.
Source: YAHOO