NVIDIA Dethrones Microsoft Becoming World's Most Valuable Company at USD 3.34 Trillion Market Cap

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Quick Report

NVIDIA has dethroned Microsoft as the world's most valuable company with a market capitalization of USD 3.34 trillion. This marks a significant milestone for the graphics processing giant, which has seen its stock price soar in recent years. Microsoft, which has held the top spot for several years, now has a market cap of USD 3.31 trillion.

NVIDIA's rise to the top can be attributed to its strong performance in the gaming and data center markets. The company's graphics cards are in high demand for gaming, and its data center business has seen a surge in demand for its products as more companies turn to cloud computing.

NVIDIA's focus on AI and CUDA based offering has soared its stock price in recent years. It has also heavily invested in unmatched AI capabilities, which has helped it secure major contracts with cloud computing tech giants like Google, Amazon, and Microsoft.

Source(s)

  • TechpowerUp Article
  • BBC Article