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Nvidia is world's most valuable company

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Santa Clara-based Nvidia has surpassed Microsoft as the world's most valued company, with a market cap, Tuesday, that reached $3.3T. Experts said the explosive growth in generative AI has fueled the company's rapid growth.

A South Bay tech company has claimed the title of world’s most valuable company. On Tuesday, Nvidia surpassed Microsoft with a market valuation of $3.3 trillion. "I don’t think this is going to be a surprise to many people looking at it, that it has this kind of value," said Ahmed Banafa, a San Jose State University tech expert.Wall Street’s current tech crush became the bell of the financial ball, closing up 4.60 on the NASDAQ.

That field is exploding with growth, which has bumped up Nvidia’s stock by a factor of nine since 2022."You need these incredibly powerful, fast chips which Nvidia has had the architecture for a really long time. And so now that’s suddenly recognized as incredibly valuable compared to anybody else in the hardware industry," said Robert Chapman Wood, a professor of strategic management at San Jose State University.

 

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