Feb 2 Reuters NVIDIA Corp experienced a recordbreaking surge in market value in January, the largest monthly increase ever, driven by heightened optimism around artificial intelligence AI, positive analyst projections, and the company39;s announcement of expanded AI offerings.

The world39;s most valuable chipmaker saw its market value expand by an unprecedented 296.52 billion to about 1.52 trillion, surpassing its previous high of 248.23 billion in gains seen in May 2023.

Last month, Nvidia39;s stock climbed to new heights following the announcement of new desktop graphics processors and advancements in AIrelated components and software.

Meanwhile, Microsoft, the world39;s most valuable company, also enjoyed a robust increase in market value, adding 159.36 billion, largely attributed to the rising demand for its Azure cloud service.

The tech giant on Tuesday, reported higher than estimated quarterly profit and revenue, although investors turned cautious about its rising costs that are expected to increase materially on a sequential basis.

As of Wednesday, Microsoft39;s market value stood at 2.95 trillion, outstripping Apple Inc39;s 2.85 trillion in market capital.

Meanwhile, Meta Platforms saw a strengthening in its market value last month, crossing back over the 1 trillion mark for the first time since September 2021.

Meta39;s stock surged over 14 to a record high 451 after the bell on Thursday, elevating its market capitalization by 148 billion to 1.16 trillion…