19
Jun
The tech world witnessed a shift in power this week as Nvidia, the graphics chip giant, dethroned Microsoft to become the most valuable company in the world. This monumental achievement marks the culmination of Nvidia's impressive rise, fueled by the ever-growing demand for powerful processing in artificial intelligence (AI) and gaming. Nvidia CEO Jensen Huang attends an event at COMPUTEX forum in Taipei, Taiwan June 4, 2024. Photo: Reuters Nvidia's market capitalization, which reflects the total value of its outstanding shares, surpassed the $3.3 trillion mark, edging past Microsoft's position at the top. This meteoric rise comes after Nvidia's stock…