Digital Services & Products

NVIDIA will soon surpass Apple.

June 2, 2024

Chip manufacturer NVIDIA may soon surpass Apple to become the world’s second-most valuable company. NVIDIA is benefiting more than Wall Street’s largest firms from the rise in AI application adoption, according to Reuters.

All AI applications, such as OpenAI’s ChatGPT, rely heavily on NVIDIA’s high-end chips. As a result, the company’s market value has tripled over the past year, reaching $2.68 trillion.

Due to declining iPhone demand and fierce competition in the Chinese market, Apple lost its top spot to Microsoft earlier this year. Apple’s latest market value was $2.92 trillion.

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