Lagos, (GNP): Nvidia has officially become the world’s largest company, surpassing Apple with a market capitalization of $3.43 trillion. This remarkable achievement comes amid a global AI boom, with Nvidia experiencing an astounding 850% growth since late 2022.
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The chipmaker’s rise reflects its critical role in powering the world’s leading large language models, solidifying its position as an essential player in the AI landscape. “Nvidia’s technology is foundational to the advancements in AI that we are witnessing today,” said a company spokesperson.
In contrast, Apple recently launched its own generative AI offering, Apple Intelligence, but has not matched Nvidia’s explosive growth. This marks a notable shift in the tech industry, as Nvidia previously overtook Apple in June 2024, although it held the top position for just one day.
As the demand for AI capabilities continues to surge, Nvidia’s dominance underscores the importance of advanced computing power in driving innovation across various sectors. The company’s strategic partnerships and investments in AI technology are expected to further enhance its market position.
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As Nvidia leads the charge in the AI revolution, industry experts are closely monitoring how this shift will influence competition and technological advancements in the coming years.