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Nvidia surpasses Microsoft to become most valuable US company

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Nvidia’s chips are helping to develop AI, which proponents expect to change the world as much or more than the internet.

The staggering run for Nvidia’s stock carried it to the market’s mountaintop Tuesday, as it became the most valuable company on Wall Street.

Underneath that calm market surface, Nvidia was the star again. It rose again, this time up 3.5%. It was the strongest force pushing the S&P 500 upward, again. And it lifted its total market value further above $3 trillion, again. Microsoft and Apple were at the vanguard of Big Tech, which is the dominant force in the U.S. stock market after amassing strength through the digitization of the world. Nvidia is riding the wave of a more specific tech surge, this time in artificial intelligence.

 

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