Nvidia has surpassed Apple to become the world’s most valuable company, with a market capitalization reaching $3.43 trillion following a 2.9% stock increase.
Apple now holds the second spot at $3.38 trillion. Nvidia’s rise is attributed to the rapid growth in demand for AI technology, a sector the company is positioned to lead.
CEO Jensen Huang credits this momentum to Nvidia’s AI chips, particularly the Hopper series, and anticipation surrounding the next-generation Blackwell chips. Nvidia has been focused on modernizing data centers to boost AI computing power, meeting the surging demand across industries.
In its latest earnings report, Nvidia posted $30 billion in quarterly revenue, up 122% from the same period last year, with projected revenue of $32.5 billion for the next quarter. As Nvidia secures its lead, the shift highlights AI’s role in reshaping the tech industry and elevating companies at the forefront of this transformation.
