Nvidia Pioneers as World's Most Valuable Company, Dethroning Microsoft

Nvidia has ascended to the top spot as the world's most valuable company, outshining Microsoft. The surge is due to the growing demand for its high-end AI processors. Nvidia's shares have tripled this year, bolstering its market capitalization to $3.341 trillion. This success has driven record highs in both the S&P 500 and Nasdaq. However, market analysts caution that high expectations could result in significant corrections if challenges emerge.