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NVIDIA's share price surged over 2%, propelling its market capitalization to a staggering $3.45 trillion, thereby eclipsing Apple to reclaim the crown as the world's most valuable publicly traded company. NVIDIA retains its dominance in the GPU market, fueled by persistent high demand for its AI chips, which contributed to a nearly twofold increase in revenue during the latest quarter. Conversely, Apple's share price dipped 3%, trimming its market capitalization to $3.35 trillion. While Apple has ventured into AI with Apple Intelligence, its foray into the field has not been as extensive as NVIDIA's. Meanwhile, Microsoft, with a market capitalization of $3.2 trillion and a significant customer of NVIDIA's GPUs, aims to invest $80 billion in AI data center construction by fiscal year 2025.
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