Nvidia and Apple Swap Places as World’s Most Valuable Company
Nvidia surpassed Apple in market capitalization, becoming the world’s most valuable publicly traded company for the second time. Nvidia’s stock has soared this year driven by investor confidence in its AI leadership and strong GPU performance, while Apple’s growth has slowed despite recent AI product releases. Nvidia’s dominance in the GPU market is fueled by the demand for AI applications, with its revenue doubling in each of the past five quarters. The company’s strong performance has also led to its inclusion in the Dow Industrial Average, replacing Intel and joining Apple in the blue-chip index.
John Q. Hosedrinker