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

Artificial intelligence technology giant Nvidia's stock price rose nearly 3% on November 5, surpassing competitors Apple and Microsoft to regain the title of the world's most valuable company. Nvidia's stock price rose by about 2.84% on the day, and the company's market value reached 3.43 trillion US dollars, while Apple's was 3.38 trillion US dollars and Microsoft's was 3.06 trillion US dollars. Apple's stock price has not yet recovered from the slump in late October after the company's weaker-than-expected sales outlook and fourth-quarter earnings were also lower than expected; in addition, after Microsoft lowered its fourth-quarter performance expectations for 2024, 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)