Nvidia's market value reaches $3.43 trillion, surpassing Apple and Microsoft to become the world's most valuable company

Odaily News Shares of artificial intelligence technology giant Nvidia rose nearly 3% on November 5, surpassing rivals Apple and Microsoft to regain the title of the world's most valuable company. Nvidia's stock price rose about 2.84% on the day, and the company's market value reached $3.43 trillion, while Apple's was $3.38 trillion and Microsoft's was $3.06 trillion. Apple's stock price has not yet recovered from the slump in late October after the company's sales outlook was weaker than expected and its fourth-quarter earnings were also lower than expected; in addition, after Microsoft lowered its fourth-quarter 2024 performance expectations, its stock price experienced one of its worst trading days in two years and has not recovered yet. Meanwhile, Nvidia's stock price has nearly tripled this year, thanks to strong sales growth and the company's continued investment in accelerated computing and generative artificial intelligence. (Cointelegraph)