<ul><li>Nvidia has surpassed Microsoft to become the world's most valuable publicly traded company with a market valuation of $3.45 trillion.</li><li>The chipmaker's stock surged 24% in the past month, leading to a $1 trillion increase in market capitalization over the past two months.</li><li>Nvidia's rise is attributed to its GPU-based AI accelerators that are widely used in AI infrastructure by companies like Microsoft, Meta, Google, and Amazon.</li><li>Despite the significant increase in value, Nvidia is trading at about 29 times its projected earnings for the next year, below its 10-year average of 34 times.</li></ul>

Nvidia surpasses Microsoft to become world’s most valuable company

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