Technology giant Nvidia surpassed Microsoft to become the world’s most valuable company, achieving a market capitalization of $3.335 trillion.

At the close of trading on Tuesday, its share price stood at $135.58, up $4.60 from the previous day and pushing its market cap to $3.335 trillion. That’s more than Microsoft ($3.32 trillion), Apple ($3.29 trillion), and Google ($2.17 trillion).

This remarkable milestone comes from surging demand for Nvidia’s high-performance graphics processing units (GPUs), which have become indispensable in powering the rapidly expanding field of artificial intelligence (AI).

Nvidia’s GPUs are widely recognized as essential components for training and deploying complex AI models. The company’s strategic focus on AI infrastructure has positioned it as a key player in this transformative technological landscape, driving significant investor interest and fueling the company’s rapid growth.

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The shift in market leadership underscores the escalating importance of AI in the global technology sector. As AI applications continue to proliferate across industries, the demand for Nvidia’s specialized hardware is expected to remain robust, solidifying the company’s position as a dominant force in the AI ecosystem.

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