19 June 2024

Nvidia Soars to the Top: Becomes World's Most Valuable Company in AI Boom

Nvidia has taken the crown as the world's most valuable company, surpassing Microsoft with a market capitalization of $3.326 trillion. This milestone was reached as the company's stock price surged due to the escalating demand for its AI chips. A strategic 10-for-1 stock split has also played a part in making Nvidia's stocks more accessible to individual investors, further fueling its rapid growth.