Nvidia Eclipses Microsoft as World’s Most Valuable Company

Nvidia Eclipses Microsoft as World’s Most Valuable Company
The logo of technology company Nvidia at its headquarters in Santa Clara, Calif., on Feb. 11, 2015. Robert Galbraith/Reuters
|Updated:
0:00

Nvidia became the world’s most valuable company on June 18, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence (AI) technology.

Shares of the chipmaker climbed by 3.5 percent to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company.