Nvidia's market cap surpasses Apple's to become world's most valuable company

Nvidia
Photo: Anadolu

US-based chip maker Nvidia's market cap surpassed Apple's on Tuesday to become the world's most valuable company, Anadolu reports. 

The stock price of Nvidia rose 2.84% to $139.91 at the closing bell, and its market cap reached $3.43 trillion.

Apple's market cap was at $3.38 trillion as of the close.

Nvidia's market cap passed the $3 trillion mark in June for the first time.

With increasing demand for AI chips, Nvidia's shares have gained 182.5% since the beginning of 2024.

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