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Nvidia Overtakes Apple as World's Most Valuable Company at $3.707 Trillion, Driven by AI and Robotics Advancements

Jan 7, 2025, 12:22 AM

Nvidia Corp. has surpassed Apple Inc. to become the world's most valuable company by market capitalization, reaching a valuation of $3.707 trillion. This milestone was achieved as Nvidia's stock hit a record high ahead of CEO Jensen Huang's keynote address at the CES 2025 technology conference. Huang's speech, which included announcements about new AI chips, software, and services, contributed to a surge in Nvidia's stock price, closing at a record high of $149.43 on Monday. The stock continued to rise in premarket trading, reaching a new all-time high of $153.58, driven by the unveiling of Nvidia's Blackwell GeForce RTX 50 GPUs and other AI-related products at CES. Huang unveiled a new AI superchip and showcased advancements in robotics technology, including a $3,000 AI-based personal computer and updates on autonomous driving and robotics ambitions. Nvidia also announced partnerships with Toyota for autonomous driving technology and with Uber to accelerate the development of self-driving vehicles, further solidifying its position in the AI and robotics sectors. Analysts remain bullish on Nvidia's future growth in these areas.