Nvidia overtakes Apple as world's most valuable company

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Key Points

In June, Nvidia briefly became the world's most valuable company, before it was overtaken by Microsoft and Apple..

Microsoft's market value stood at $3.20 trillion.AP..

Nvidia dethroned Apple as the world's most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips...

Nvidia's shares hit a record high on Tuesday, building on a rally from last week when TSMC, the world's largest contract chipmaker, posted a forecast-beating 54% jump in quarterly profit driven by soaring demand for chips used in AI...

Shares of Nvidia, Apple and Microsoft have an outsized influence on the richly valued technology sector as well as the broader U.S. stock market, with the trio accounting for about a fifth of the S&P 500 index's weightage...

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