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Nvidia overtakes Apple to become world’s second-most valuable company | Technology
Chipmaker’s market capitalisation passes $3 trillion after latest rally in stock price.
Nvidia has overtaken Apple to become the world’s second-most valuable company, with furious demand for the chipmaker’s shares taking its valuation to over $3 trillion. Nvidia’s rally continues an extraordinary streak of gains for the California-based firm, whose graphics processing units have fuelled a boom in artificial intelligence (AI). The company’s revenues have soared more than 260 percent over the past year as tech giants such as Microsoft, Meta, Google and Amazon race to roll out AI.
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