NVIDIA has briefly overtaken Microsoft to become the world’s most valuable publicly traded company, reaching a market capitalisation of over $3.3 trillion. The company’s meteoric rise is attributed to its dominance in AI-focused GPU (graphics processing unit) technology, which powers a vast portion of today’s generative AI infrastructure.
Fueled by strong demand from tech giants and startups building AI models, NVIDIA has reported record-breaking earnings and continues to lead in AI chip design. The milestone underscores a major shift in market valuation dynamics, with AI-centric firms now leading the global stock charts.