This morning NVIDIA once again became the company with the highest market value in the world and managed to overtake Microsoft. At the time of writing, NVIDIA is worth $3.444 trillion (~RM 14.62 trillion) compared to Microsoft which is worth $3.441 trillion (~RM 14.61 trillion). NVIDIA shares are showing a trend of continuing to rise at a higher rate than Microsoft.
The first time NVIDIA was at the top was in June last year. Apple is still in third place followed by Amazon, Alphabet and Meta. Two weeks ago NVIDIA shares soared after hundreds of thousands of their GPUs were purchased by Saudi Arabia and Qatar who want to build their own artificial intelligence (AI) data centers. This was helped by the Trump administration ending GPU purchase quotas that certain countries can have.