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AI chipmaker Nvidia surpasses Apple, Microsoft to become world's most valuable company

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Tech,Apple,Artificial Intelligence

The latest uptick pushed Nvidia’s market cap to a whopping $3.33 trillion. Microsoft fell to second place with a valuation of $3.32 trillion, followed by Apple at $3.28 trillion.

AI chipmaker Nvidia surged past Apple and Microsoft to become the most valuable company in the world – the latest milestone as Wall Street investors chase the booming artificial-intelligence sector.

The latest uptick pushed the market cap of Nvidia — whose CEO Jensen Huang has become known for his trademark leather motorcycle jackets — to a whopping $3.34 trillion. Long known as a maker of high-end graphics cards for PC gamers, Nvidia has emerged in recent years as the key supplier for firms racing to develop advanced AI.Southerners slam neighbors with 'lefty politics' who move in and drive up cost of living: 'Don't California my Tennessee!'

In blockbuster first-quarter earnings results last month, Nvidia revealed revenue for its data center segment rose to $22.6 billion – a stunning increase of 427% compared to the same period one year ago.The Justice Department has reportedly launched a probe into the chipmaking company’s business and whether it has violated competition laws.

 

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