Nvidia Becomes the World's Largest Company Amid AI Surge

Nvidia has officially surpassed Apple in market capitalization, positioning itself as the world's largest company. This remarkable achievement comes in the wake of a global push towards artificial intelligence (AI). According to analyses, Nvidia's value skyrocketed by an incredible 850% since late 2022, driven largely by its contributions to AI technology.

As of the close of the market on Tuesday, Nvidia's valuation reached $3.43 trillion, overtaking Apple's $3.38 trillion. This marks a significant milestone for Nvidia, which has briefly claimed the top position before, including an instance in June when it briefly surpassed Apple for just one day.

Recently, Apple has launched its own generative AI offering named Apple Intelligence. However, Nvidia remains a key player in the AI sector, providing essential technology used in the world’s most prominent large language models. Evidence of this dominance can be seen in the collaboration between OpenAI, the creator of ChatGPT, and Broadcom, as they work on developing proprietary AI systems.

Nvidia, AI, Market