Nvidia's Market Cap Soars: Now World's Most Valuable Public Company
In a historic moment, Nvidia surpasses Microsoft, Apple to become the world's most valuable publicly traded company.
Nvidia Surpasses Everyone, Becomes the World's Most Valuable Company! Remember those predictions about AI taking over the world? Well, Nvidia's taking a big step in that direction – but instead of killer robots, they're conquering the stock market! Since the beginning of 2024, Nvidia's market cap has skyrocketed, nearly tripling to a mind-blowing $3.34 trillion . That's right, trillion with a "T"! (Image Source: companiesmarketcap.com) This puts them ahead of tech giants Microsoft (trailing closely at $3.31 trillion) and Apple, who've been bumped to third place with $3.28 trillion. So, how did Nvidia pull off this incredible feat? The AI Gold Rush The answer, in a nutshell, is AI. Specifically, the race to create true artificial general intelligence (AGI) – the kind of AI that could potentially think and learn like humans. Nvidia's GPUs are the go-to hardware for training these complex AI models, and as the AI boom explodes, so has demand for their…