Nvidia’s stock ended the trading day at nearly $136, up by 3.5% to become more valuable than Microsoft after the firm surpassed Apple earlier in the month.
BBC reports that Nvidia makes computer chips needed for artificial intelligence (AI) software, and demand for its products has boosted its sales and profits over the last few years.
Investors are of the view that Nvidia’s earnings can grow even more, and this has caused its share price to soar, though some have questioned its sky-high valuation.
