Nvidia has overtaken Microsoft to become the largest U.S. company by market value. Nvidia's market capitalization reached $3.45 trillion, surpassing Microsoft's $3.44 trillion at Tuesday's close. This shift reflects continued investor confidence in Nvidia's dominance in AI chip infrastructure, following its report of double-digit revenue growth and strong demand for its AI chips.
While Microsoft remains a technology titan, losing the top market cap spot to Nvidia highlights the extraordinary investor enthusiasm for AI hardware. This event underscores the dynamic nature of market leadership in the tech sector, driven by rapidly evolving technological trends. For Microsoft, it means increased competition for investor attention, even as its own AI initiatives continue to grow.
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