Nvidia becomes world's valuable company

Bangkok Post Group

Nvidia has become the world’s most valuable company following a staggering rally in its shares, underlining the outsized role investors expect artificial intelligence to play in the global economy over coming years. - REUTERS

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00:00NVIDIA became the world's most valuable company on Tuesday on an insatiable demand for its

00:06high-end processors. The chipmaker dethroned tech heavyweight Microsoft just days after

00:12overtaking iPhone maker Apple. NVIDIA stock has surged about 173% so far this year, compared

00:20with a rise of about 19% for Microsoft. Demand for NVIDIA's chips is outpacing supply.

00:27Tech giants Microsoft, MetaPlatforms, and Google owner Alphabet are competing to build

00:32out their AI computing capabilities. But NVIDIA commands more than 80% of the market share

00:38for AI chips, making it a major winner from surging AI development. The company also recently

00:44split its stock 10-for-1, increasing the appeal among individual investors. It took nine months

00:51for the company's market value to expand from $1 trillion to $2 trillion, which it hit

00:57in February. It reached $3 trillion in early June.

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