Nvidia Becomes World’s Most Valuable Company as AI Rally Steams Ahead
- Chipmaker has been vying with Apple, Microsoft for top spot
- The stock has rallied more than 170% so far this year
Nvidia Corp.’s relentless rally has propelled the semiconductor giant’s market capitalization over its mega-cap tech peers, helping it clinch the title of the world’s most-valuable company as the artificial intelligence wave continues.
The stock rose 3.5% to close at $135.58 a share Tuesday, putting the company’s market value at about $3.3 trillion and catapulting it over those of Microsoft Corp. and Apple Inc. The top stocks have jockeyed all month for the pole position, with Nvidia finally edging past both of its big-tech peers.