Nvidia extends lead as world’s most valuable company, set to add $100bn in market cap

) rose more than 3% in premarket trading on Thursday, further extending its lead over other mega-cap tech firms like Microsoft , with the stock price nearly doubling since the start of the year.

The stock closed at almost $136, up 3.5%, surpassing Microsoft in value and overtaking Apple earlier this month. Nvidia's relentless ascent is driven by its dominance in producing AI chips, which analysts call"new gold or oil in the tech sector.”Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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