Nvidia has become the world’s most valuable company, overtaking tech giants Apple and Microsoft.This rise came shortly after Nvidia surpassed Apple, the second most valuable company, according to Reuters reports.
The increase in Nvidia’s stock has significantly impacted major indices. The S&P 500 and Nasdaq have reached record highs, supported by the strong performance of tech stocks, with Nvidia leading the way. In comparison, trading volumes for Apple, Microsoft, and Tesla are significantly lower, each averaging around US$10 billion.
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AI-powered Apple overtakes Microsoft as world's most valuable companyApple once again became the world's most valuable company on Wednesday (June 12), dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology. Its shares jumped nearly four per cent to a record US$215.04 (S$290), giving it a market valuation of US$3.29 trillion.
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