NVIDIA surpasses Apple with record $3.9 trillion market cap
NVIDIA just overtook Apple to become the most valuable company on the planet, hitting a market cap of $3.92 trillion after its stock jumped 2.2%.
The boom is all about massive demand for NVIDIA's AI chips as everyone bets big on artificial intelligence.
NVIDIA's market cap vs global companies
NVIDIA isn't just leading tech—it's now worth more than all UK public companies combined, and even tops both Canada and Mexico's entire stock markets put together.
Its influence on major indexes like the S&P 500 is huge, showing how AI is taking over from older tech sectors.
NVIDIA chips are crucial for training today's advanced AI models
Big names like Microsoft, Amazon, Meta, Alphabet, and Tesla are in an arms race to build powerful AI data centers—and they all want NVIDIA's top-tier chips to do it.
These processors are crucial for training today's advanced AI models.
Even with a lower price-to-earnings ratio than usual, NVIDIA's earnings are still growing faster than its share price.