Nvidia rides AI wave to surpass Apple, becomes world's largest company

Quick Summary:

Microsoft Corp., which Nvidia passed last month, has a market cap of $3.06 trillion.

Nvidia previously closed with the title of largest company in June, although it only held the record for a day.

With the exception of Apple, these companies are all among Nvidia’s largest customers, and they have stressed their commitment to continuing to spend on AI.

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Category: BusinessFinance

Markets: IndiaChinaTaiwan

Topics: Wall street Nvidia Apple Inc Microsoft Tech companies Artificial intelligence

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 07:59:32 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 565 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23440292

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