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Nvidia eclipses Microsoft as world’s most valuable company

Shristi Achar A and Noel Randewich

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New York | Nvidia became the world’s most valuable company on Tuesday (Wednesday AEST), dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology.

Shares of the chipmaker climbed 3.5 per cent to $US135.58, lifting its market capitalisation to $US3.34 trillion ($5.02 trillion), just days after overtaking iPhone maker Apple to become the second most valuable company.

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Reuters

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    Original URL: https://www.afr.com/markets/equity-markets/nvidia-eclipses-microsoft-as-world-s-most-valuable-company-20240619-p5jmxj