Good morning. Nvidia on Tuesday surpassed Microsoft to become the most valuable company in the world, reaching a market capitalization of $3.34 trillion to edge out Microsoft’s $3.32 trillion.
In the first week of June, CEO Jensen Huang saw his firm hit a $3 trillion market cap for the first time, surpassing Apple. The Santa Clara, Calif.-based chipmaker, whose highly sought-after semiconductors help power AI-related computing tasks at massive data centers, has dominated the market. Over the past year, shares of Nvidia have surged more than 200%.
