Nvidia just became the world’s largest company amid AI boom

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Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of a global AI push. As Bloomberg notes, the chipmaker has experienced an astronomical 850% growth since the tail end of 2022.

Nvidia was valued at $3.43 trillion at the close of market, topping Apple’s $3.38 trillion. This isn’t the first time the two have swapped places; Nvidia also pushed past Apple in June, though it only held the top spot for a day.

Apple recently launched its own small model generative AI offering, Apple Intelligence. Nvidia, on the other hand, remains a foundational piece of the world’s top large language models — for now. At the end of October, Reuters reported that ChatGPT-maker OpenAI has been working with Broadcom on its own proprietary systems.



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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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