Nvidia Eclipses Microsoft as World’s Most Valuable Company

Nvidia became the world’s most valuable company on Tuesday, dethroning tech heavyweight Microsoft as its high-end processors play a central role in a scramble to dominate artificial intelligence technology. Shares of the chipmaker climbed 3.5 percent to $135.58, lifting its market capitalization to $3.335 trillion, just days after overtaking iPhone maker Apple to become the second most valuable company. Microsoft’s stock market value was $3.317 trillion as its shares dipped 0.45 percent. Apple’s stock slipped over 1 percent, leaving its value at $3.286 trillion. While Nvidia’s rally has lifted the S&P 500 and Nasdaq to record highs, some investors worry that optimism about AI could evaporate if signs emerge of a slowdown in spending on the technology....