CNBC Daily Open: Nvidia takes Microsoft's crown as most valuable company

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Microsoft Corp Nouvelles

NVIDIA Corp,Janet Yellen,Commercial Banking

Nvidia on Tuesday surpassed Microsoft to become the world's most valuable public company with a market cap of $3.34 trillion.

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribewith a market cap of $3.34 trillion. The milestone comes after a remarkable 170% surge in its share price this year, and a more than nine-fold increase since the end of 2022 fueled by the boom in generative artificial intelligence.

The Federal Reserve has signaled one possible rate cut by the end of the year, while investors expect two cuts, according to the

 

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