New number 1: Jensen Huang-led Nvidia overtakes Apple to be the most valued company in the world

AI-chipmaker Nvidia on Wednesday became the most valued company in the world. Jensen Huang-led computer manufacturing corporation has a market capitalization of $3.46 trillion. The worth is more than that of Apple's $3.35 trillion, as per a report.

Nvidia regained the numero uno status after achieving more than 100 per cent growth in the third quarter of 2024. Apart from this the company shows a 94 per cent uptick in its revenue which stands at $35.1 billion, as per a report on GuruFocus.

Nvidia, the company whose chips are powering much of the move into AI, shares rose 3.6 per cent on Wednesday. It had already nearly octupled in the prior two years, up to nearly $141 from less than $18.


Nvidia holds key to Donald Trump's mega AI Push

U.S. President Donald Trump on Tuesday announced private sector investment of up to $500 billion to fund artificial intelligence infrastructure.

OpenAI, SoftBank and Oracle plan a Texas-based joint venture called Stargate, and have committed $100 billion initially and then up to $500 billion to Stargate over the next four years.

The venture plans to deploy $100 billion immediately, with the remaining investment occurring over the next four years. Construction of the project's first data centers has already begun in Texas.

Nvidia will supply chips for the venture. Nvidia's most advanced artificial intelligence (AI) chip, Blackwell, consists of multiple chips glued together using a complex chip on wafer on substrate (CoWoS) advanced packaging technology offered by Taiwan Semiconductor Manufacturing Co (TSMC), Nvidia's main contract chipmaker.

FAQs

Q1. What is the market capitalization of Nvidia?
A1. Market capitalization of Nvidia is $3.46 trillion, as per a report.

Q2. What is market cap of Apple?
A2. Apple's market cap is $3.35 trillion, as per a report.