Nvidia Becomes the World's Most Valuable Company, Surpassing Apple


As of November 5, 2024, Nvidia Corporation has surpassed Apple Inc. to become the world's most valuable company, driven by the significant growth in the artificial intelligence (AI) sector.

Key Points:


Nvidia's market capitalization has risen to $3.43 trillion, exceeding Apple's $3.38 trillion. This increase was fueled by a 2.9% rise in Nvidia's stock price to $139.93.

This is not the first time Nvidia has held this position; it briefly became the largest traded company in June 2024, although it only held the record for a day.

Nvidia's valuation now surpasses the combined worth of Amazon and Meta.


The company's rapid growth is attributed to the AI boom, particularly following the release of OpenAI's ChatGPT, which has sparked widespread investment in Nvidia's AI technologies. Major tech companies have invested tens of billions of dollars into Nvidia's advanced AI technologies, crucial for training generative AI systems like ChatGPT and Google's Gemini.

Future Milestones:


Nvidia is set to join the Dow Jones Industrial Average on the following Friday, highlighting its substantial rise in the market. Since the end of 2022, Nvidia's stock has surged by over 850% due to the AI frenzy.


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