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Nvidia overtakes Microsoft to become the most valuable public company in the world

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Now there is a new company that can say it is the most valuable publicly traded organization in the world. At the end of today’s trading day in the US, Nvidia found itself in first place.

CNBC The graphics chip maker is reported to have surpassed the market value of the previous most valuable company, Microsoft, today. That’s because Nvidia’s stock price rose a significant 3.6% today, giving the company a market capitalization of $3.34 trillion. That was enough to overtake Microsoft’s $3.32 trillion market cap. Its shares fell by 0.45% today.

Ironically, Microsoft is a huge customer of Nvidia products, especially its GPUs which it used to run its AI services like Copilot in its data centers. Indeed, the main reason why Nvidia’s stock price keeps going up and up is that its GPUs are used in 80% of those AI data centers from Microsoft, Google, OpenAI and other companies.

Earlier this month, Nvidia passed the $3 trillion market cap for the first time, surpassing Apple to become the second-largest publicly traded company. At the close of trading today, Apple came out as the third most valuable publicly traded company behind Microsoft and Nvidia with a market capitalization of $3.29 trillion.

Nvidia recently launched a 10-for-1 stock split so more people can afford to buy some shares in the company. One person who has a lot of Nvidia stock is co-founder and CEO Jensen Huang. After today’s trading, Forbes Estimates Huang’s total net worth at a whopping $118.4 billion. Forbes says that now makes him a The 11th richest person in the worldBefore people like Dell founder Michael Dell.

However, he is still behind several giants of the technology industry, such as Microsoft founder Bill Gates in ninth place, Meta founder Mark Zuckerberg in fifth place, and Tesla CEO Elon Musk in first place with a net worth of $214.1 billion.

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