Comment on Nvidia dethrones Apple as the world's most valuable company

Nvidia dethrones Apple as the world's most valuable company

Fernando Gutierrez-Juarez/Getty (L); NurPhoto/GettyNvidia briefly surpassed Apple as the world's most valuable company on Friday with a $3.53 trillion valuation.Nvidia's rise has been fueled by its AI-enabling GPUs, boosting its market value by $3.1 trillion since the release of ChatGPT.Analysts predict Nvidia's stock could eclipse a $4 trillion valuation amid strong demand for AI tech.Nvidia briefly eclipsed Apple to become the world's most valuable company on Friday.It's the first time Nvidia has been the world's largest company since mid-June.Nvidia stock jumped as much as 3% on Friday to an intra-day high of $144.13, catapulting its market valuation to $3.53 trillion.

 

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