LSEG market capitalization rankings

Nvidia Overtakes Apple as World's Most Valuable Company with $3.53 Trillion Market Cap

Oct 25, 2024, 04:09 PM

Nvidia has overtaken Apple to become the world's most valuable company. Nvidia's market capitalization reached $3.53 trillion, surpassing Apple's $3.52 trillion, per LSEG. This shift is attributed to the growing demand for AI chips, which has significantly boosted Nvidia's market value. This marks the second time this year that Nvidia has claimed the top spot in the global market valuation rankings.