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The Right Coast
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Nvidia passes Microsoft in market cap, is most valuable public company

By Thomas A. Smith

Nvidia, long known in the niche gaming community for its graphics chips, is now the most valuable public company in the world.

Shares of the chipmaker climbed 3.2% in mid-day trading on Tuesday, lifting the company s market cap to $3.33 trillion, surpassing Microsoft. Earlier this month, Nvidia hit a $3 trillion market cap for the first time, and passed Apple.

Nvidia shares are up more than 170% so far this year, and took a leg higher after the company reported first-quarter earnings in May. The stock has multiplied by more than nine-fold since the end of 2022, a rise that s coincided with the emergence of generative artificial intelligence.

via www.cnbc.com

Hooray.