Nvidia Becomes the World's Most Valuable Company

Nvidia has briefly surpassed Apple to become the world's most valuable company. This was reported by Meduza, citing Reuters.

On Friday, Nvidia's stock value reached $3.53 trillion, while Apple's shares were valued at $3.52 trillion. However, Nvidia's stock price later declined, and the company fell back behind Apple.

The agency notes that the surge in Nvidia's value is driven by insatiable demand for chips used in artificial intelligence applications. Nvidia is called the biggest beneficiary of the AI boom, as its chips are purchased by major tech companies like Microsoft, Google, Amazon, and others.