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Nvidia surpasses Apple to become world’s most valuable company

Nvidia surpasses Apple to become world's most valuable company The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California. (AFP Photo)
By Anadolu Agency
Nov 6, 2024 1:49 AM

Nvidia, the California-based chip manufacturer, has overtaken Apple in market value, reclaiming the title of the world’s most valuable company for the second time.

On Tuesday, Nvidia’s stock rose 2.84%, reaching $139.91 per share, pushing its total market value to $3.43 trillion.

This marks a shift from Apple’s market value of $3.38 trillion.

The surge in Nvidia’s stock is driven by soaring demand for its AI chips, with shares climbing 182.5% since the start of the year. Nvidia’s market value first surpassed $3 trillion in early June, cementing its dominance in the tech sector.

Last Updated:  Nov 6, 2024 1:49 AM