Nvidia, at the center of the artificial intelligence boom, has become the world's most valuable company, with a market capitalization hitting $3.335 trillion.
Nvidia's stock price surge is driven by demand for its GPUs from tech giants, lifting S&P 500 and Nasdaq indexes to record highs.
Nvidia controls about 80% of the market for AI chips used in data centers, benefiting from the increasing need to run AI models in companies like Microsoft, Meta, and Google.
Nvidia's strategic shift in the 2000s from focusing on gaming to investing in GPUs for broader applications positioned the company to capitalize on the AI boom, propelling CEO Jensen Huang as one of the world's richest individuals.
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