Chip giant Nvidia: Nvidia becomes the world's largest company by leaving behind Apple, leaving behind the big companies

Chip giant Nvidia : Veteran chip maker Nvidia on Tuesday became the world's most valuable company by overtaking tech giant Apple for the second time in market capitalization. In the era of Artificial Intelligence (AI), Nvidia has now become the most valuable company in the world. At present, Nvidia's market value has reached $3.43 trillion, which is more than Apple's $3.38 trillion.

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Nvidia's market cap closed nearly 3 percent higher on November 5 at $3.43 trillion (about Rs 76.50 lakh crore), ahead of Apple's $3.40 trillion.

On the other hand, Microsoft is at third position with a market cap of $3.1 trillion.

Maintaining chip market dominance and sustained growth rates from graphics processing units and GPUs made Nvidia a prime investment option.

Let us tell you that Nvidia CEO Jensen Huang's company had defeated Apple for the first time in June. According to reports, Huang said that the demand for his 'Hopper' chips remains high and there is also a lot of excitement about the upcoming 'Blackwell' chips. He said that large-scale upgrades are taking place in the data centers for AI and fast computing technology, due to which the company's earnings have reached record levels.

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