Nvidia Overtakes Apple as World's Top Company Amid AI Surge

Nvidia has surpassed Apple to become the world's most valuable publicly traded company, with a market cap of $3.43 trillion, driven by its dominance in the GPU and AI markets. Nvidia's stock has surged nearly 3% and tripled in 2024, while Apple's shares have risen 17% this year. Nvidia's growth is fueled by its GPUs' role in AI development, such as powering OpenAI's ChatGPT. Apple, which recently launched the Apple Intelligence suite, remains a leader in 'edge AI.' Nvidia will join the Dow Industrial Average, replacing Intel.