No Apple, Nor Microsoft: Nvidia is Now World's Most Valuable Company with Market Capitalisation of $3.335 Trillion
In a historic shift, Nvidia has become the world’s most valuable company, surpassing tech giants Microsoft and Apple. The Santa Clara, California-based chipmaker's market capitalisation soared to $3.335 trillion on Tuesday, driven by a remarkable 3.5 percent rise in its stock price to $135.58. This achievement marks a significant milestone for Nvidia, which has emerged as the central player in the artificial intelligence (AI) boom. Nvidia's ascent to the top spot comes just days after it surpassed Apple to become the world’s second most valuable company. In contrast, shares of Microsoft and Apple, now occupying the second and third positions, respectively, experienced declines of 0.45 percent and 1.1 percent. This remarkable rally has also buoyed the S&P 500 and Nasdaq indexes to record highs, continuing a spectacular winning streak for Nvidia. The driving force behind Nvidia's meteoric rise is the voracious demand for its graphics processing units (GPUs), which are
