Nvidia Becomes World's Most Valuable Company at $3.63 Trillion, Surpassing Apple Amid Trump’s Re-election

Nov 8, 2024, 05:45 AM

Nvidia has overtaken Apple to become the world's highest-valued publicly traded company, with its market cap reaching an unprecedented $3.63 trillion. This milestone is driven by the AI boom, which has significantly increased the demand for Nvidia's technology, crucial for powering systems like ChatGPT. The company's stock has surged to an all-time high, reflecting its dominant position in the tech sector. Nvidia's inclusion in the Dow Jones Industrial Average, replacing Intel, underscores the growing importance of artificial intelligence in the US economy. This change is scheduled to take effect on November 8, 2024. Nvidia's market cap increased by $250 billion, partly fueled by Trump's re-election, which has sparked a rally in the AI and chip sectors.