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Nvidia vaults past Apple and Microsoft to become world’s most valuable company

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Landmark moment for US chipmaker caps explosive rally fuelled by investor excitement over artificial intelligence

Nvidia has leapfrogged Microsoft and Apple to become the most valuable publicly listed company in the world, following months of explosive share price growth driven by demand for its chips and an investor frenzy over artificial intelligence. The company’s shares climbed 3.5 per cent to $135.58 on Tuesday, bringing its market capitalisation to $3.335tn and surpassing the two tech giants that have long jostled for pole position on US stock markets.

Nvidia’s software ecosystem, Cuda, which offers tools for developers using its chips, cements its dominance. It is meanwhile rolling out its new generation of more powerful Blackwell chips, with Huang promising a “one-year rhythm” of new releases. Competitors such as AMD and Intel have launched competing AI chips but have yet to meaningfully eat into Nvidia’s commanding market share.

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