As Wall Street remains excited by the artificial intelligence boom, chip-making behemoth Nvidia has surpassed Apple to become the world’s most valuable corporation.
The announcement follows a 2.9% increase in shares of the AI giant to $139.93, increasing its market capitalization to $3.43 trillion, surpassing Apple’s $3.38 trillion the day before.
In June, the corporation briefly held the title of largest traded company, however it was only there for a day.
At the moment, its value surpasses that of Amazon and Meta put together.
The largest tech firms in the world have spent tens of billions of dollars on Nvidia’s potent AI technology, which serves as the foundation for training potent generative AI systems like Google’s Gemini and OpenAI’s ChatGPT.
Nvidia will join the Dow Jones on Friday.
