Nvidia tops the market capitalization charts, beating Microsoft to clinch the world's most valuable company title, after its shares rose by 3% to $141.40, pushing its market value to an impressive $3.45 trillion. The AI giant's rapid growth, driven by the high demand for its AI accelerators used by leading companies like Microsoft, Meta, Google, Amazon, Oracle, and Elon Musk’s xAI, resulted in a remarkable 69% year-over-year revenue boost.
Nvidia tops the market capitalization charts, beating Microsoft to clinch the world's most valuable company title, after its shares rose by 3% to $141.40, pushing its market value to an impressive $3.45 trillion. The AI giant's rapid growth, driven by the high demand for its AI accelerators used by leading companies like Microsoft, Meta, Google, Amazon, Oracle, and Elon Musk’s xAI, resulted in a remarkable 69% year-over-year revenue boost.