Nvidia Becomes World’s Most Valuable Company, Overtaking Microsoft
Nvidia surpassed Microsoft on Tuesday to reclaim its position as the world’s most valuable publicly traded company.
The AI chipmaker’s shares climbed roughly 3% to close at $141.40, extending a remarkable rally that has seen the stock soar nearly 24% in the past month. Despite challenges such as export restrictions and tariff concerns, Nvidia’s momentum remains strong. The company’s market capitalization now stands at $3.45 trillion, edging past Microsoft’s $3.44 trillion.
Nvidia has been rotating in and out of the top spot with Microsoft and Apple since June of last year. Its last stint as the most valuable company was on January 24.
Tuesday’s trading also lifted other semiconductor stocks. Broadcom gained 3%, Micron Technology rose 4%, and the VanEck Semiconductor ETF—which tracks a basket of chipmakers—was up 2%.
Last week, Nvidia reported fiscal first-quarter earnings of 96 cents per share on $44.06 billion in revenue—a 69% year-over-year jump, remarkable for a company of its size. This explosive growth has been driven largely by soaring demand for its AI chips, which power tools like OpenAI’s ChatGPT.
Major tech firms including Microsoft, Meta, Google, Amazon, Oracle, and Elon Musk’s xAI are snapping up Nvidia’s AI accelerators in bulk to build vast computing infrastructure for advanced AI development.
Founded in 1993 to make graphics chips for 3D gaming, Nvidia has evolved into a cornerstone of the AI revolution. The same GPU architecture that once powered video games now underpins some of the most cutting-edge parallel processing systems used in artificial intelligence research and deployment.
