Apple and NVIDIA have been fighting for the position of most valuable company in the world for a while now, with both exchanging the crown at various times throughout the year, but a new report released this week showed that NVIDIA has returned to the top of the list , surpassing its rival.
NVIDIA reached a market value of US$3.53 trillion this week, making it surpass Apple for the title of most valuable company in the world. The companies switched positions at various times this week, with NVIDIA trailing behind with $3.47 trillion and Apple with $3.52 trillion.
NVIDIA’s sudden appreciation is due to the company’s status as the leading provider of computing components needed for the development of AI.
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