From Barchart: 2024-06-19 08:49:25

Nvidia Corp. surpasses Microsoft Corp. to become the world’s most valuable company with a market cap of $3.335 trillion, driven by high demand for AI chips. The company had also briefly overtaken Apple Inc. as the second most valuable company, with its stock price reaching $135.58 on Tuesday.

Nvidia CEO announced plans to launch new AI chips at the tech expo Computex, including Blackwell Ultra in 2025 and Rubin in 2026, emphasizing the start of a new industrial revolution. The company aims to release new AI chip technology annually, following the success of its Blackwell GPU launched in March.



Read more at Barchart: Nvidia Overtakes Microsoft As World’s Most Valuable Company