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

By Gerrit De Vynck and Rachel Lerman, The Washington PostSAN FRANCISCO - Nvidia, the computer chip maker at the center of the artificial intelligence boom, continued its spectacular stock market rise Tuesday, eclipsing Microsoft and Apple to become the world’s most valuable public company.more than 3 percent Tuesday, giving the company an overall market valuation of $3.34 trillion.

The AI boom has been reshuffling the world’s biggest companies in the past two years. In January, Microsoft surged past Apple to become the world’s most valuable company as investors have poured money into the hot technology. “I don’t think this is done,” he said. “If you believe that AI is going to be as transformative as some believe, this will continue to rise.”

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Nvidia overtakes Microsoft to become world’s most valuable companyNvidia had recently also announced a stock split of 10-for-one, which came into effect this year on June 7.
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