Nvidia Takes the Crown: World’s Most Valuable Company Amid AI Frenzy

Nvidia, the Silicon Valley darling of AI, has claimed the world’s most valuable company title, with a market cap of $3.43 trillion. Apple’s $3.38 trillion valuation just wasn’t enough to keep up with Nvidia’s sky-high trajectory.

Nvidia’s shares rose nearly 3% on Tuesday thanks to surging demand for its AI-driven technologies. Meanwhile, Apple shares slipped slightly after a lukewarm sales forecast and news that Warren Buffett’s Berkshire Hathaway dumped another chunk of its Apple stock.

Adding fuel to Nvidia’s momentum, the chipmaker will join the Dow Jones Industrial Average, replacing longtime rival Intel. The change, which takes effect Friday, puts Nvidia firmly in the company of Wall Street’s elite.

Nvidia’s rise is more than just a stock market story—it’s a seismic shift in tech. Originally known for graphics chips used in gaming, the company has transformed itself into the go-to supplier for AI applications. Nvidia’s GPUs are the secret sauce behind platforms like ChatGPT, and the company dominates the AI accelerator market with a 75% share.

This pivot to AI is paying off. Nvidia’s revenue has doubled in multiple recent quarters, and its stock has shot up 850% since late 2022. Meanwhile, Apple, though still a financial giant, is grappling with slower growth and investor fatigue.

AI is the buzzword driving Nvidia’s meteoric rise. Analysts call this the “iPhone moment” for artificial intelligence, potentially reshaping industries from healthcare to autonomous vehicles. Nvidia isn’t just riding the wave—it’s the engine powering the entire ecosystem.

Apple recently launched Apple Intelligence, a suite of AI tools designed to enhance its devices. Nvidia is scaling AI infrastructure for the world’s largest enterprises. The two giants are playing very different games.