US multinational corporation and tech giant Nvidia has become the world’s most valuable company after its stocks reached all-time high on Tuesday, media reports said.
The stock ended the trading day at nearly $136, up 3.5 percent, making it more valuable than Microsoft, reported BBC.
The Santa Clara-based company had overtaken Apple recently.
The firm’s market capitalisation closed at roughly $3.34 trillion on Tuesday
It moved ahead of IT major Microsoft, whose value is $3.32 trillion.
Apple remains the third most valuable company in the USA with a $3.27 trillion market cap.
Nvidia shares closed 3.5 percent higher on Tuesday. Microsoft shares fell 0.5 percent and Apple shares lost 1.1 percent. Nvidia earlier this month joined the tech giants in becoming the only third company to cross the $3 trillion market cap, reported CNN.