US chipmaker Nvidia experienced another rise in share price gains yesterday, putting it in the top spot as the world’s most valuable company.

During his keynote speech at the Computex tech trade fair in Taiwan at the beginning of this month, Nvidia founder and CEO Jensen Huang said: “Today, we’re at the cusp of a major shift in computing. The intersection of AI and accelerated computing is set to redefine the future.”

It’s a future the chipmaker is certainly betting on, having made numerous AI-related announcements this year, including its Nvidia Blackwell platform and the Nvidia GH200 Grace Hopper superchip.

It is a future its investors are also betting on as shown in the 3.5% surge its shares took yesterday, giving Nvidia a market value of about $3.33tn.

This puts Nvidia in the top spot as the world’s most valuable company, followed by Apple and then Microsoft.

Nvidia has come a long way since it was first set up in 1993 to bring 3D graphics to the gaming industry. Following its invention...