World's Most Valued Company Is Not Microsoft

All these years the world knows only Microsoft as the moist valuable company of all. Next came Apple enjoying the 2nd position for quite a long time. 

But now Nvidia recently became the world's most valuable company surpassing Microsoft and Apple, with its market capitalization reaching $3.335 trillion. 

Nvidia's high end processors are central to the booming artificial intelligence industry fueling a 3.5% rise in its stock to $135.58. 

This surge has significantly impacted the S&P 500 and Nasdaq though some investors worry that excessive optimism about AI could wane if spending slows.

Nvidia's market influence is vast accounting for about 16% of all trading in S&P 500 companies with a daily turnover averaging $50 billion. 

Its stock has nearly tripled this year driven by high demand for its advanced processors. 

In contrast Microsoft's market value stands at $3.317 trillion and Apple's at $3.286 trillion.

Despite Nvidia's dominance experts caution that any misstep could cause a major stock correction. 

The company’s rapid growth, from $1 trillion to $3 trillion in market value within months, underscores its pivotal role in AI development. 

Nvidia's stock, now trading at 44 times expected earnings, also saw a 10-for-one stock split to attract more individual investors.