Nvidia passes Apple again to become worlds most valuable company
Summary
Jensen Huang, Nvidias founder, president and CEO, speaks about the future of artificial intelligence and its effect on energy consumption and production at the Bipartisan Policy Center in Washington, D.C., on Sept. 27, 2024. Nvidia passed Apple in market value on Tuesday, once again becoming the most valuable publicly-traded company in the world. Nvidia has the vast majority of market share for graphics processing units, or GPUs, which have become essential for developing and deploying AI software such as OpenAIs ChatGPT. Microsoft said earlier this month that it expected to spend $80 billion on AI data centers in fiscal 2025. WATCH: Nvidias outperformance will continue and growth rates will remain higher
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AI & Machine learning
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AI Software
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NVIDIA Corporation
$1B+
Apple Inc.
$1B+