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Nvidia Becomes World’s Most Valuable Company, Surpassing Microsoft

Nvidia Becomes World's Most Valuable Company, Surpassing Microsoft

Nvidia surged to become the world’s most valuable publicly traded company on Tuesday, edging ahead of tech giants Microsoft and Apple. The California-based chipmaker saw its stock rise by 3.4%, giving it a market capitalization of about $3.3 trillion.

The company’s rapid ascent is driven by the booming demand for its powerful GPU chips, which are crucial for artificial intelligence (AI) and machine learning applications. In May, Nvidia reported a net profit of $14.9 billion and revenue of $26 billion, nearly quadrupling its earnings from the same period last year.

Nvidia’s GPUs, essential for both gaming and professional markets, have positioned the company at the forefront of the AI revolution. Its CUDA platform enables parallel computing, further enhancing its technological edge.

The company’s rise has significantly boosted the wealth of its CEO and co-founder, Jensen Huang, whose net worth has soared to $115 billion, making him one of the richest individuals globally.

Nvidia’s dominance in the tech sector is set to continue, with analysts predicting a fierce race to a $4 trillion market cap between Nvidia, Apple, and Microsoft.

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