Nvidia tops Microsoft as the most valuable public company

Nvidia on Tuesday vaulted past Microsoft to become the most valuable publicly listed company in the world, highlighting its place on the forefront of Big Tech.Nvidia's stock price rose nearly $5, or 3.7%, to $135.77, valuing the AI chip maker at $3.33 trillion, compared with $3.31 trillion for Microsoft and $3.29 trillion for Apple, which boasted the largest market capitalization until being surpassed by Microsoft earlier this year.

The ascent of Microsoft and Apple harken back to previous technologies, but Nvdia's startling rise in recent years has been powered by surging demand for its chips, which are helping to power massive corporate spending on all things AI, and its data center business. Nvidia is also a leader in graphics processing hardware, cloud services and other technologies for high-performance computing, while expanding into other emerging sectors such as robotics and autonomous driving.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft, Apple, and Nvidia in race to hit $4 trillion market capMicrosoft, Apple, and Nvidia in race to hit $4 trillion market cap - Wedbush
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia leapfrogs Apple, Microsoft to take crown as most valuable companyNvidia leapfrogs Apple, Microsoft to take crown as most valuable company
Source: Investingcom - 🏆 450. / 53 Read more »

Nvidia pushes out Apple, Microsoft to become world’s most valuable companyThe computer chipmaker’s stock market value rose to $3.3 trillion, surpassing Apple and Microsoft.
Source: washingtonpost - 🏆 95. / 72 Read more »