American multinational technology company, Nvidia has emerged as the world’s most valuable company following the rise in its share price to an all-time high on Tuesday.

Nvidia’s stock ended the trading day at nearly $136, up by 3.5% to become more valuable than Microsoft after the firm surpassed Apple earlier in the month.

BBC reports that 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.