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AI frenzy makes Nvidia the world's most valuable company

The stock ended the trading day at nearly $136, up 3.5%, making it more valuable than Microsoft.

Nvidia makes computer chips needed for artificial intelligence (AI) software, and demand for its products has boosted its sales and profits over the last few years. Microsoft, Google-owner Alphabet, Meta and Apple are just some of the tech heavyweights battling to create a world-beating product. In May, after its latest set of financial results were published, Quilter Cheviot technology analyst Ben Barringer said the company had "once again cleared a very high hurdle".

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