Nvidia has overtaken Microsoft as the largest U.S. company by market value, regaining the throne that it forfeited during the AI-stock selloff in late January. Nvidia shares rose 2.9% during Tuesday’s trading.

The chipmaker’s meteoric rise is driven by its dominance in the AI sector, with its high-performance GPUs powering applications from generative AI models to data centres for tech giants like OpenAI, Meta,