NVIDIA overtakes Apple as AI boom propels company value over $3 trillion

With its market value rocketing to $3.1 trillion, NVIDIA has become the second most valuable company in the world. A five percent rise in share prices pushed the chipmaker ahead of Apple, and now there is only Microsoft which is worth more than NVIDIA. The soaring value of the firm is due in no small part to its heavy involvement and investment in AI. Having started life in the 1990s as a minor player in the graphic chip market, NVIDIA has ridden the artificial intelligence tidal wave. See also: It is only a year since NIVDIA hit a market cap… [Continue Reading]