On June 18th Nvidia overtook Microsoft as the world’s most valuable company. Its market capitalisation of $3.3trn is more than 20 times what it was in January 2020. Investors are buying its shares as greedily as tech giants are buying its artificial-intelligence chips. Nvidia’s revenue in the quarter ending in April rose by 262%, year on year. Its net income rose by 628%.■
Nvidia is now the world’s most valuable company
![](https://www.economist.com/img/b/1280/720/90/media-assets/image/20240622_WBP504.jpg)
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