Nvidia's shares have appreciated by 170 this year and the company's value has increased ninefold since 2022, coinciding with the boom in artificial intelligence.

Microchip maker Nvidia this Tuesday overtook Microsoft and Apple as the world's largest company with a market capitalization of $3.34 trillion, a figure that sent it soaring again on the stock market with a 3.7% rise an hour before the close. Shares in the chip manufacturer rose to 135.21 dollars.

Nvidia, which passed the 3 trillion dollar mark less than a month ago, recently overtook Apple as the second most valuable company, and in recent days the two, along with Microsoft, have been in a close battle for the three spots on the stock market podium.

This Tuesday, Microsoft dropped to second place with a market capitalization of 3.31 trillion and its share price fell (-0.52%), while Apple dropped to third place with 3.284 trillion and its shares fell 0.83%.

The CNBC portal reminds us that Nvidia holds 80% of the chip market used in major technology companies such as Microsoft, OpenAI, Meta and Alphabet, suggesting that the value of the company led by Jensen Huang will not stop growing.

What is Nvidia?

Nvidia was founded in 1993 by Jensen Huang, Chris Malachowsky and Curtis Priem and initially excelled in the video game graphics market. Its graphics processing units (GPUs) became synonymous with high quality and performance in digital entertainment.

As a curiosity, Huang's company partnered with Microsoft in the early 2000s to develop Xbox graphics cards and also signed an agreement with PlayStation in 2005 to develop processors for Sony's console.