Nvidia Surpasses Microsoft, Becomes Second Most Valuable Company

Nvidia's gains in share price on Monday lifted its market value to $3.4 trillion, unseating Microsoft as the second most valuable company on Wall Street, and just below Apple's valuation of about $3.55 trillion.

Stocks tied to Nvidia suppliers and semiconductor related companies rallied in Asia as the bullish investors sentiment spilled over.Stocks tied to Nvidia suppliers as well as other chip companies advanced as the bullish investor sentiment spilled over. Shares of South Korean chipmaker SK Hynix, which manufacturers high bandwidth memory chips for AI applications, for Nvidia surged 2.8%.The surge in Nvidia shares Monday came as Wall Street heads into the earnings season.

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Nvidia falls as Beijing discourages local companies from buying Nvidia chipsNvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG
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Microsoft, Nvidia Lead $100 Billion AI Infrastructure Investment PartnershipMicrosoft, Nvidia, and other tech giants have launched a new partnership to invest $100 billion in AI data centers and energy infrastructure. The Global AI Infrastructure Investment Partnership aims to fuel innovation and economic growth, with a focus on the United States and its partner countries.
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