18-06-2024 22:25 via theguardian.com

Nvidia becomes world’s most valuable company amid AI boom

Chipmaker dethrones Microsoft and Apple as stock market surge boosts valuation above $3.34tnNvidia became the world’s most valuable company on Tuesday, overtaking tech heavyweight Microsoft, as its chips continue to play a central role in a race to dominate the market for artificial intelligence.Shares of the chipmaker climbed 3.5% to $135.58, lifting its market capitalization to $3.34tn, just days after overtaking the iPhone maker Apple to become the second most valuable company. Continue
Read more »