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CNBC Daily Open: Nvidia unseats Microsoft as world's most valuable company

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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.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., Dec. 13, 2023.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 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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CNBC Daily Open: S&P 500 and Nasdaq hit new heights ahead of Nvidia's earningsFederal Reserve Governor Christopher Waller said he does not think further rate increases are necessary, but he will need convincing before backing any rate cuts.
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