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Nvidia Overtakes Microsoft as World’s Most Valuable Company

Nvidia’s stock surged 3.5% today to $135/share, dethroning Microsoft after just two weeks at #1. The milestone comes as CEO Jensen Huang announces next-gen AI chips shipping in Q4 2024, with performance claims doubling current models.

The AI boom has propelled Nvidia’s revenue growth to 265% YoY, with data center sales now exceeding all other chipmakers combined. Short sellers have lost $12 billion betting against NVDA this year. Analysts warn of concentration risk – Nvidia alone accounts for 35% of the Nasdaq’s 2024 gains.

Key Numbers:
• $3.34T market cap
• 9:1 stock split completed June 10
• 85% market share in AI accelerators

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