Nvidia Becomes World's Most Valuable Company

Nvidia's recent financial performance has been remarkable, with the company reporting a net profit of $14.9 billion in May and revenue of $26 billion, nearly four times its revenue from the same quarter last year. The demand for Nvidia's powerful GPU chips has driven this surge in profits, making it one of the most valuable companies on Wall Street. In recent trading, Nvidia shares climbed 3.5% to $135.60, surpassing Microsoft and Apple in market capitalization. This marks a significant shift, as investors bet on Nvidia's continued dominance in the artificial intelligence (AI) market. The company's stock ended the day at nearly $136, making it more valuable than Microsoft, which had previously held the top spot. Many investors believe that Nvidia's earnings can continue to grow, fueling further optimism and driving up its value.