Nvidia's market cap surpasses Apple's to become world's most valuable company
Nvidia surpassed Apple to become the world's most valuable company on Tuesday, with a market cap of $3.43 trillion compared to Apple's $3.38 trillion. Nvidia's stock rose 2.84% to $139.91, driven by strong demand for AI chips.
- Economy
- Agencies and A News
- Published Date: 07:27 | 06 November 2024
- Modified Date: 07:27 | 06 November 2024
US-based chip maker Nvidia's market cap surpassed Apple's on Tuesday to become the world's most valuable company.
The stock price of Nvidia rose 2.84% to $139.91 at the closing bell, and its market cap reached $3.43 trillion.
Apple's market cap was at $3.38 trillion as of the close.
Nvidia's market cap passed the $3 trillion mark in June for the first time.
With increasing demand for AI chips, Nvidia's shares have gained 182.5% since the beginning of 2024.
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