Nvidia overtakes Microsoft as the world’s most valuable company
Less than two weeks after Nvidia jumped Apple in terms of its overall valuation, the GPU maker has now passed Microsoft to stand as the world’s most valuable company based on the chips it makes that are key to powering a boom in generative AI technology.
At the close of trading on Tuesday, its share price stood at $135.58, up $4.60 from the previous day and pushing its market cap to $3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion), and Google ($2.17 trillion). Nvidia’s shares split 10-for-1 after June 7th, lowering the overall share price, but the spike in the company’s value has been jarring. Its share price has gone up 160 percent in 2024, and the company only passed the $2 trillion mark in February....