Microsoft is overtaken by Nvidia to become the most valuable corporation in the world.

Nvidia is a starting company at the artificial intelligence welfare cente Nvidia's market value on Tuesday reached $ 3,335 trillion as stock manufacturers increased by 3.5 % to $ 135.58. This farm was the second valuable company in the world in the world's second valuable company a few days after the company's headquarters were in California, St. Takraala. Second- and third-placed Microsoft and Apple fell 0.45% and 1.1%, respectively.

Nvidia's rally pushed the S&P 500 and Nasdaq to record highs, extending a winning streak for speculators in the company whose graphics processing units (GPUs) are integral to the development of artificial intelligence. The company's shares have soared nearly 182% this year alone, fueled by huge demand for its chips from tech giants such as Microsoft, Meta and Google, and are set to more than triple by 2023.

Nvidia controls about 80% of the market for AI chips needed in data centers to run AI models like OpenAI's ChatGPT. Since its debut on the stock market in 1999, Nvidia shares have risen by 591,078 percent. But in the 2000s, CEO Jensen Huang led the company to invest heavily in GPU development for non-gaming applications, allowing them to take advantage of the advent of artificial intelligence.

The company's staggering growth has made Huang one of the richest people in the world, with an estimated net worth of more than $117 billion, according to Forbes.