Nvidia Was Once 30 Days Away From Going Out of Business. Here’s Why It Just Overtook Apple to Become the World’s Biggest Company.

Nvidia passed Apple on Tuesday to claim the top spot as the biggest company in the world with a market cap of $3.43 trillion to Apple’s $3.38 trillion.

At the time of writing, Nvidia had a market cap of $3.584 trillion, higher than Apple’s $3.389 trillion and Microsoft’s $3.102 trillion. Apple and Microsoft are currently in second and third place.

According to Bloomberg, Nvidia’s market cap rising above Apple’s shows that AI has become “dominant” on Wall Street. The move also shows that investors expect the AI boom to continue. Nvidia counts the biggest tech companies as its clients, including Meta, Microsoft, and Google.

Related: ‘100% Nvidia’s Fault’: CEO Jensen Huang

→ Continue reading at Entrepreneur

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