Key Points
- Nvidia is now the world’s most valuable company, surpassing Apple.
- Nvidia’s market value reached $3.53 trillion.
- Apple’s market value is $3.52 trillion.
- High demand for AI supercomputing chips drives Nvidia’s growth.
- Nvidia’s chips are used in data centers and self-driving cars.
- Microsoft’s market value is $3.2 trillion.
Looma News
Nvidia has now overtaken Apple to become the world’s most valuable company, boosted by the rising demand for its AI supercomputing chips. On October 25, Nvidia’s market value briefly reached $3.53 trillion, surpassing Apple’s $3.52 trillion, according to data from the London Stock Exchange Group plc (LSEG).
This achievement highlights Nvidia’s important role in the fast-growing AI sector, where its chips are used in various applications, including data centers and self-driving cars. Nvidia had previously led the market in June before being surpassed by Apple and Microsoft.
For months, these tech giants have been closely competing for market value. Currently, Microsoft’s market value stands at $3.2 trillion.
