NVIDIA has surpassed Apple Inc. to become the world’s most valuable company, with a market capitalization exceeding $3.5 trillion.

This milestone reflects the growing influence of artificial intelligence (AI) in the technology sector.

NVIDIA’s stock has surged over 850% since the end of 2022, driven by high demand for its AI-capable chips. Major tech companies, including Microsoft and Alphabet, have invested heavily in AI infrastructure, contributing to NVIDIA’s rapid growth.

The company’s recent inclusion in the Dow Jones Industrial Average, replacing Intel, underscores its significant role in the semiconductor industry. Analysts attribute NVIDIA’s success to its leadership in AI technology and strategic partnerships.

Apple, now the second most valuable company, maintains a market capitalization of approximately $3.4 trillion. Despite strong sales, including a 5.5% year-on-year increase in iPhone revenue, Apple’s net income declined due to a substantial income tax charge.

The competition between NVIDIA and Apple highlights the dynamic nature of the tech industry, with AI playing a pivotal role in shaping market valuations. Investors are closely monitoring these developments, as they reflect broader trends in technology and innovation.

BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes.