Nvidia has surpassed Microsoft in market capitalization, reclaiming its position as the most valuable publicly traded company globally.
Nvidia's market cap reached $3.45 trillion with a 3% increase in its stock value to $141.4, exceeding Microsoft's market cap of $3.44 trillion.
Nvidia's stock surged by almost 24% in the last month, driven by robust growth in the face of export control and tariff concerns.
The company's rise is attributed to the success of its AI chips, powering applications for entities like OpenAI, contributing to its significant revenue growth.