Nvidia defeated Apple in the race of Most Valuable Company, once again achieved the title.

By News Update On Nov 8, 2024

New Delhi Chip maker company Nvidia has once again done wonders. This company has once again won the title of the world's most valuable company. This company has done this before also. This company has achieved this position by defeating Apple, which is considered to be the best company in the world.

Nvidia company has managed to become the most valuable company in the world due to the power of Artificial Intelligence. This company maintains its dominance in the AI hardware market and due to this the company is continuously creating new records. Nvidia has so much power that the weight of this company is up to 7 percent in the S&P 500 index. Nvidia has gained 21 percent for the index this year.

There was explosive growth throughout the year

Let us tell you that there has been a huge jump in the market cap of this company, due to which it has reached 3.43 trillion dollars. In doing this work, the company has taken full advantage of AI and this is the reason why the company is seeing tremendous growth in its business. Nvidia is leading in this field through the company's AI training and running modules. Due to explosive growth throughout the year, this company has also made investors rich.

Invest heavily on AI researchers

To handle the increasing demand for AI, the company has mainly invested heavily in data centers and AI researchers. As a result of which Nvidia's shares are touching the sky. In yesterday's trading, Nvidia Corp's shares closed at US $ 145.61 on Nasdaq in the US market and there was a jump of about 4 percent in yesterday's trading. Due to which Nvidia is trading with gains in the stock market.

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Shadow dominance in artificial intelligence

Due to Artificial Intelligence, this company has dominance in the technology sector. Big companies like Apple, Alphabet, Microsoft and Meta are also included in its scope. Through AI investments, these companies are expanding their products and services using technology.