Nvidia's Rise to the Top Sustainable in the Fast-Changing Tech Industry

Nvidia is a multinational technology company that has become the world's most valuable.

It has become the most actively traded company on Wall Street, with an average daily turnover of $50 billion, compared to approximately $10 billion for Apple, Microsoft, and Tesla. It now represents about 16% of all trading in S&P ( Standard and Poor's 500) companies.

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The demand for Nvidia's AI processors is considered superior to competitors' products and has exceeded supply, attracting numerous investors.

Nvidia shares rose by 3.5% to $135.58, boosting its market capitalization by over $10 billion to reach $3.335 trillion. This jump occurred shortly after Nvidia surpassed Apple to become the world's second most valuable company. Nvidia's shares have nearly tripled in value this year.

On Tuesday, Nvidia's shares rallied over 3%, making it the most valuable company globally, surpassing Microsoft. This significant growth propelled Nvidia's market value from $1 trillion to $2 trillion in just nine months, then further to $3 trillion in over three months.

Meanwhile, Microsoft's shares fell by 0.45%, reducing its market value to $3.317 trillion, while Apple's shares declined over 1%, lowering its value to $3.286 trillion.

Nvidia's recent 10-for-one stock split has made its high-priced shares more accessible to individual investors, sparking increased interest. The remarkable increase in Nvidia's market value is fueled by the excitement surrounding emerging Artificial Intelligence (AI) technology. This enthusiasm has also contributed to record highs for the S&P 500 and Nasdaq.