Nvidia Reclaims Top Spot, Overtakes Apple as World's Most Valuable Company Amid AI Boom

Oct 25, 2024, 03:58 PM

Nvidia Corp. has once again overtaken Apple Inc. to become the world's most valuable company. As of October 25, 2024, Nvidia's market capitalization reached $3.53 trillion, surpassing Apple's $3.52 trillion, according to data from LSEG. Microsoft Corp. ranked third with a market cap of $3.19 trillion. The surge in Nvidia's valuation comes amid booming demand for AI chips, propelling the semiconductor giant to the top of global market rankings.