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Nvidia on Tuesday surpassed Apple’s market cap to become the world’s largest company, thanks to the global momentum of artificial intelligence. like Bloomberg notesthe chipmaker has seen an astronomical 850% growth since the end of 2022.
Nvidia was valued at $3.43 trillion at market close, surpassing Apple’s value of $3.38 trillion. This isn’t the first time the two have swapped places; Nvidia also surpassed Apple in June, although it only held the top spot for one day.
Apple recently launched its own mini AI model, Apple Intelligence. Nvidia, on the other hand, remains a key part of the world’s best big language models – for now. At the end of October, Reuters reported OpenAI, the maker of ChatGPT, is working with Broadcom on its own systems.
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