Nvidia has overtaken Microsoft and Apple to become the world’s most valuable company for the first time...

Nvidia’s shares rose Tuesday to make it the U.S.’s most valuable listed company, underlining the high demand for the company’s artificial intelligence chips. The shares finished the day up 3.5% at a record-high $135.58, with the company reaching a valuation of $3.34 trillion, ahead of Microsoft and Apple—and marking the first time a company other than those latter two sat atop the list since early 2019. Nvidia’s chips have been the workhorses of the AI boom, essential tools in the creation of sophisticated AI systems that have captured the public’s imagination with their ability to produce cogent text, images and audio with minimal prompting...

Nvidia is now the largest company by market cap, surpassing Microsoft and completing a stunning rise for the chipmaker over the last two years...

The 2024 Cannes Lions International Festival of Creativity is bringing together the world's best and brightest executives from the realm of creative marketing and advertising. Candle Media Co-Founder and Co-CEO Kevin Mayer sits down with Yahoo Finance Executive Editor Brian Sozzi by the Cannes waterfront to talk about where linear TV and sports streaming fits into the broadening streaming landscape, as more platforms like Amazon Prime (AMZN) adopt ad-supported subscription tiers. "One of the reasons paid TV is in such [a] secular and substantial decline is the cost of those sports rights. And everyone had to bear the cost of those sports rights. So you had every consumer, almost every household had paid TV 10 years ago, and everyone was paying not only for the entertainment that they loved, but also for sports," Mayer explains. "And not everyone watched the sports. And I think that helped drive the decline down. People were paying for something in a very expensive thing that they didn't really want to watch.  "So I think Netflix (NFLX) will put their toe in the water, but they've become a very successful entertainment company without sports. They have sports-related programming, but not the actual sports rights." Mayer finds that these major streaming companies need to incorporate these new sports partnerships in order to "feed their ecosystem in some way." Mayer's resume also includes his tenure as the CEO of TikTok, COO of the popular app's parent company ByteDance, and the chairman of Disney's Direct-to-Consumer & International segment. Mayer comments on the potential ban of TikTok within the United States and the acquisition sage surrounding Paramount Global (PARA, PARAA). Catch up on Yahoo Finance's full coverage of this year's Cannes Lions International Festival of Creativity. This post was written by Luke Carberry Mogan...

Nvidia (NVDA) has etched its name in history by surpassing tech giants Apple (AAPL) and Microsoft (MSFT) to claim the title of the most valuable publicly traded company. The Futurum Group Chief Market Strategist Cory Johnson joins Market Domination to discuss whether this growth is sustainable. Johnson acknowledges there has never been a company as big as Nvidia that has managed to sustain such a high growth rate. He also notes how quickly Nvidia rose to the top of the market cap rankings. Due to the semiconductor powerhouse's enormous scale the market "is noticing what's going on in this company," Johnson states. "A reason to look at this company and understand [that] what's going on is so great is to look at the numbers. And look at the growth rate and look at the free cash flow generation, which is the ultimate... success of a business," Johnson told Yahoo Finance. He adds, "And Nvidia is doing all of these things right now." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith...