Nvidia has surpassed Apple to become the world’s largest company by market cap, driven by a booming AI sector. Closing at over $3.4 trillion, Nvidia edged out Apple, valued at over $3.3 trillion. This recent leap builds on Nvidia’s 850% growth since late 2022. While Apple recently introduced "Apple Intelligence," Nvidia remains essential to major AI language models. Competition could intensify as OpenAI collaborates with Broadcom on proprietary hardware.
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00:00It's Benzinga bringing Wall Street to Mainz.
00:02NVIDIA has surpassed Apple to become the world's largest company by market cap,
00:06driven by a booming AI sector, closing at over $3.4 trillion.
00:11NVIDIA edged out Apple, valuing at over $3.3 trillion.
00:15This recent leap builds on NVIDIA's 850% growth since late 2022.
00:20While Apple recently induced Apple Intelligence,
00:23NVIDIA remains essential to major AI language models.
00:27Competition can intensify as OpenAI collaborates with Broadcom on proprietary hardware.
00:33For all things money, visit Benzinga.com slash GSTV.