Nvidia Surpasses Apple as World's Most Valuable Company
Nvidia's market cap reaches $3.43 trillion amid surging AI demand, overtaking Apple and marking a significant milestone in the tech industry.
- Nvidia's market capitalization climbed to $3.43 trillion, surpassing Apple's $3.38 trillion, driven by strong demand for AI technology.
- This marks the second time Nvidia has overtaken Apple in market value, with the first occurrence happening briefly in June 2024.
- Nvidia's shares have surged over 850% since the end of 2022, reflecting its pivotal role in the AI infrastructure boom.
- Intel has been replaced by Nvidia in the Dow Jones Industrial Average, highlighting Nvidia's growing influence in the semiconductor industry.
- Despite Nvidia's rapid ascent, Apple's financial performance remains robust, with expectations of continued competition between the two tech giants.