New number 1: Jensen Huang-led Nvidia overtakes Apple to be the most valued company in the world
Nvidia on Wednesday became the most valued company in the world. Jensen Huang-led computer manufacturing corporation has a market capitalization of $3.46 trillion. The worth is more than that of Apple's $3.35 trillion, as per a report.
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Nvidia regained the numero uno status after achieving more than 100 per cent growth in the third quarter of 2024. Apart from this the company shows a 94 per cent uptick in its revenue which stands at $35.1 billion, as per a report on GuruFocus.
Nvidia, the company whose chips are powering much of the move into AI, shares rose 3.6 per cent on Wednesday. It had already nearly octupled in the prior two years, up to nearly $141 from less than $18.
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U.S. President Donald Trump on Tuesday announced private sector investment of up to $500 billion to fund artificial intelligence infrastructure.
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