Nvidia beats Microsoft and Apple to become world’s most valuable company: What’s behind the rise

Nvidia has become the world’s most valuable company, overtaking Microsoft, as demand for its AI chips continues to soar. Nvidia’s market value rose to $3.34 trillion this week, making it worth more than Microsoft at $3.32 trillion and Apple at $3.29 trillion. Fueled by growing interest in artificial intelligence technologies, the chipmaker’s stock has gained over 170% this year and more than tripled in value over the past 12 months.

What led to Nvidia’s rise as world’s most valable company