Source:https://www.scmp.com/news/world/united-states-canada/article/3267140/nvidia-becomes-worlds-most-valuable-company-ai-rally-steams-ahead
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Nvidia becomes world’s most valuable company as AI rally steams ahead

  • The semiconductor giant jumped ahead of big tech rivals Microsoft and Apple, as it dominates the AI market with high-powered chips

Bloomberg
Nvidia CEO Jensen Huang takes part in a news conference in Taipei, Taiwan, on June 4. Photo: Bloomberg

Nvidia Corp’s relentless rally has propelled the semiconductor giant’s market capitalisation over its mega-cap tech peers, helping it clinch the title of the world’s most valuable company as the artificial intelligence (AI) wave continues.

Shares rose as much as 4 per cent to about US$3.3 trillion on Tuesday, catapulting it over Microsoft Corp and Apple. The top stocks have jockeyed all month for the pole position, with Nvidia edging past its Big Tech peers.

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