Nvidia Overtakes Microsoft as World's Second-Largest Company by Market Cap

Group 1 - Nvidia's market capitalization surpassed Microsoft's, making it the second-largest company globally, following Apple [1][2] - Nvidia's market cap reached $3.13 trillion, while Microsoft's stood at $3.04 trillion, with Nvidia shares increasing by over 2% [1] - Strong demand for AI products is driving growth for Nvidia and its partners, such as Super Micro Computer, which reported significant GPU shipments [1] Group 2 - Nvidia's stock price has more than doubled since the beginning of the year due to surging demand for AI chips [3] - Analysts believe Nvidia shares could continue to rise, supported by strong AI spending trends and seasonal factors [3] - Melius Research set a price target of $165 for Nvidia, indicating a 29% premium over the recent closing price of $127.72, with an average target of $152.52 from Visible Alpha [3]