Reported 20 days ago
Nvidia has claimed the title of the largest company globally, overtaking Apple with a market capitalization of $3.43 trillion, largely due to its dominance in artificial intelligence. The company's shares rose by 2.9%, reflecting a monumental surge of over 850% since late 2022. Analysts suggest that Nvidia's growth is indicative of the ongoing AI boom, as major companies like Microsoft and Amazon continue to invest heavily in AI technologies. Nvidia's advancement reinforces its position as the foremost beneficiary of the AI infrastructure cycle, especially as other tech giants also experience considerable AI-driven growth.
Source: YAHOO