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.

Nvidia Corporation reclaimed its position as the world's most valuable publicly traded company on Tuesday, surpassing Microsoft after a sharp rally driven by unrelenting demand for its AI chips. The stock rose 2.80% to close at $141.22, pushing its market capitalisation to $3.445 trillion, marginally ahead of Microsoft’s $3.441 trillion.