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Nvidia overtakes Apple as world’s most valuable company
Nvidia has overtaken Apple to become the world’s most valuable company as of October 25, 2024.
The shift occurred due to high demand for Nvidia’s AI chips.
Nvidia’s market value briefly touched US$3.53 trillion before closing at US$3.47 trillion, according to LSEG. Apple followed closely with a market value of US$3.52 trillion.
Apple maintains its competitive position along with Microsoft, valued at US$3.18 trillion.
Nvidia’s lead is fueled by a surge in AI processor sales amid growing tech sector competition.
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