Nvidia topples Microsoft as world's most valuable company

Chipmaker Nvidia is now the world’s most valuable company, unseating Microsoft as investors bet its AI dominance will remain unmatched for now. The chipmaker’s market value crossed $3.34 trillion on Tuesday, surpassing Microsoft's $3.32 trillion. Apple, which was unseated by both, has a market value of $3.27 trillion. Despite the gains, the trio are neck-and-neck.

Nvidia is also fresh off its 10-for-1 stock split, which began trading on June 10. Mutual fund managers and various exchange-traded funds are also adjusting for the split which could be contributing to the trading action. The shares were the most active in both the S&P 500 and Nasdaq Composite - both indices are hovering at fresh-record highs.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nvidia passes Microsoft in market cap to become most valuable public companyNvidia shares have multiplied by more than nine-fold since the end of 2022, and the chipmaker surpassed Microsoft to become the most valuable public company.
Source: NBCLA - 🏆 319. / 59 Read more »

Microsoft, Apple, and Nvidia in race to hit $4 trillion market capMicrosoft, Apple, and Nvidia in race to hit $4 trillion market cap - Wedbush
Source: Investingcom - 🏆 450. / 53 Read more »