Apple surpasses NVIDIA to become the world's most valuable company once again
American corporation Apple has once again become the world's most valuable public company, overtaking chip manufacturer NVIDIA in market capitalization. Apple's market value exceeded three trillion dollars amid growth in the technology sector.
Investors positively assessed Apple's financial performance as well as the presentation of new artificial intelligence features in the brand's devices.
At the same time, NVIDIA's securities demonstrated a temporary correction following a period of record growth driven by high demand for chips for AI computing.
The ranking of the world's most valuable giants changes regularly due to the high volatility of exchange quotes. Three companies continue to compete for leadership in the IT market: Apple, NVIDIA, and Microsoft.
Experts note that the main growth drivers for all participants in the race remain developments in the field of artificial intelligence and the integration of AI services into mass-market products.
ORIENT
