Nvidia briefly surpassed Apple to become the world’s most valuable company, with its valuation peaking at $3.53 trillion. This marked a significant achievement for the semiconductor giant, driven by soaring demand for its AI-enabled GPUs.
Also Read: Nvidia Surpasses Apple to Become the Worldβs Most Valuable Company
Both companies’ market values hovered around $3.52 trillion during mid-day trading, highlighting Nvidia’s remarkable rise. Since late 2022, Nvidia’s stock has surged over 740%, gaining $3.1 trillion in value thanks to AI’s expansion across industries like cloud computing and healthcare.
Analysts see Nvidia’s upward trend continuing, forecasting a potential $4 trillion valuation. Bank of America and CFRA Research have raised their price targets for Nvidia, citing the company’s pivotal role in the ongoing AI revolution.
