Nvidia has regained its status as the world’s most valuable publicly traded company, surpassing Apple in market value on Jan. 23.

On Jan. 23, Nvidia’s shares rose over 2%, bringing its market capitalization to approximately US$3.45 trillion.

The chipmaker’s stock increased by 171% in 2024 and nearly 239% in 2023, largely due to high demand for its AI-focused chips.

In contrast, Apple’s shares fell by 3%, resulting in a market valuation of US$3.35 trillion. Apple’s stock is down 11% so far in 2025 after gaining 30% in the previous year.

While Apple has added AI features to its products, it lacks Nvidia’s extensive exposure to the rapidly growing AI sector.