Nvidia, with a market capitalization of $3.34 trillion, becomes the most valuable company
Move over, Microsoft and Apple. The stock market has a new king.On Tuesday, Nvidia leapfrogged two of the tech industry's most storied names to become the world's most valuable public company, according to data from S&P Global. Its rise has been fueled by the boom in generative artificial intelligence and growing demand for the company's chips – known as graphics processing units, or GPUs – that have made it possible to create artificial intelligence systems.Nvidia's rise is among the fastest in the history of the market. Just two years ago, the company's market valuation was just over $400 billion. Now, in the span of a year, it has gone from $1 trillion to more than $3 trillion.Nvidia's stock price rose 3.6% on Tuesday, bringing its value to $3.34 trillion. B...