Nvidia becomes most valuable company after overtaking Microsoft and Apple

Days after overtaking Apple as the second most valuable company, AI chipmaker giant Nvidia has officially dethroned tech giant Microsoft, earlier the world’s most valuable company.

According to reports, on Tuesday, Nvidia’s shares rose to around $135 by 3.5 per cent, elevating its market capitalization (market cap) to $3.34 trillion. Microsoft and Apple follow closely behind with their market cap being around $3.32 trillion and $3.286 trillion respectively.