AI companies, focused on developing artificial intelligence-related products, have seen huge gains in market capitalization by the end of June. Chipmakers, in particular, have benefited from the AI-centric market. One of those chipmakers is Nvidia, which briefly overtook Microsoft to become the most valuable company in the world.
In June, Nvidia's shares rose by 27%, increasing the company's market capitalization to $3.34 trillion. However, this gain was short-lived due to concerns about its high valuation and profit booking.
