{"id":1287111,"date":"2024-11-07T13:54:09","date_gmt":"2024-11-07T08:24:09","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1287111"},"modified":"2024-11-07T13:54:31","modified_gmt":"2024-11-07T08:24:31","slug":"ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/","title":{"rendered":"AI Boom: Chipmaker Nvidia Beats Apple To Become World’s Biggest Company Ever"},"content":{"rendered":"\n

As the AI boom continues to generate enthusiasm on Wall Street, Nvidia overtook Apple on Tuesday to become the world’s most valuable corporation.<\/p>\n\n\n\n

\"AI<\/figure>\n\n\n\n

With a 2.9% increase in shares to $139.93, Nvidia’s market value surpassed Apple’s at $3.38 trillion, reaching $3.43 trillion.<\/p>\n\n\n\n

Nvidia Overtook Apple To Become World\u2019s Most Valuable Corporation<\/strong><\/p>\n\n\n\n

In June of last year, Nvidia briefly claimed the title of largest traded business.<\/p>\n\n\n\n

Today, the company’s value surpasses that of Amazon and Meta put together.<\/p>\n\n\n\n

In order to train generative AI systems like Google’s Gemini and OpenAI’s ChatGPT, major tech companies have invested billions of dollars on Nvidia’s AI technology.<\/p>\n\n\n\n

Nvidia’s quick ascent will be highlighted on Friday when it joins the Dow Jones Industrial Average.<\/p>\n\n\n\n

Since the end of 2022, the publication of ChatGPT has caused an AI craze that has driven a more than 850% increase<\/a> in Nvidia’s share price.<\/p>\n\n\n\n

Nvidia Beats Apple To Become World’s 2nd Biggest Company At $3.012 Trillion Valuation<\/strong><\/p>\n\n\n\n

In June, we reported that Nvidia overtook Apple to take the second spot as the most valuable corporation in the world.<\/p>\n\n\n\n

In fact, Nvidia broke the $3 trillion valuation barrier.<\/p>\n\n\n\n

This valuation was driven by the unquenchable demand for Nvidia\u2019s processors, which are the foundation of artificial intelligence.<\/p>\n\n\n\n

With a 5.2% increase in stock price, Nvidia\u2019s market capitalization reached $3.012 trillion. Following a slight 0.8% increase, Apple\u2019s market value finally reached $3.003 trillion. With a $3.15 trillion market capitalization, Microsoft maintained its number one position.<\/p>\n\n\n\n

The company\u2019s critical position in the AI revolution was highlighted by the startling 147% gain in Nvidia\u2019s stock price since the beginning of 2024. Tech behemoths like Microsoft, Meta, and Alphabet are vying for Nvidia\u2019s high-performance CPUs.<\/p>\n\n\n\n

The market was rocked by Nvidia\u2019s incredible revenue projection, which was released on May 22nd and drove the stock higher by around 30%.<\/p>\n\n\n\n

The ten-for-one stock split that Nvidia is planning to implement on June 7th is anticipated to increase interest from private investors even further. The domination of Nvidia was indicative of a larger trend in the computer industry, where AI is becoming a major arena of conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"

As the AI boom continues to generate enthusiasm on Wall Street, Nvidia overtook Apple on Tuesday to become the world’s most valuable corporation. With a 2.9% increase in shares to $139.93, Nvidia’s market value surpassed Apple’s at $3.38 trillion, reaching $3.43 trillion. Nvidia Overtook Apple To Become World\u2019s Most Valuable Corporation In June of last […]<\/p>\n","protected":false},"author":25,"featured_media":1287112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[55,1717],"class_list":["post-1287111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-apple","tag-nvidia"],"acf":[],"yoast_head":"\nAI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"As the AI boom continues to generate enthusiasm on Wall Street, Nvidia overtook Apple on Tuesday to become the world’s most valuable corporation. With a 2.9% increase in shares to $139.93, Nvidia’s market value surpassed Apple’s at $3.38 trillion, reaching $3.43 trillion. Nvidia Overtook Apple To Become World\u2019s Most Valuable Corporation In June of last […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-07T08:24:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T08:24:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Radhika Kajarekar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Radhika Kajarekar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/\",\"url\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/\",\"name\":\"AI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png\",\"datePublished\":\"2024-11-07T08:24:09+00:00\",\"dateModified\":\"2024-11-07T08:24:31+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"AI Boom: Chipmaker Nvidia Beats Apple To Become World’s Biggest Company Ever\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c\",\"name\":\"Radhika Kajarekar\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g\",\"caption\":\"Radhika Kajarekar\"},\"url\":\"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"AI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/","og_locale":"en_US","og_type":"article","og_title":"AI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"As the AI boom continues to generate enthusiasm on Wall Street, Nvidia overtook Apple on Tuesday to become the world’s most valuable corporation. With a 2.9% increase in shares to $139.93, Nvidia’s market value surpassed Apple’s at $3.38 trillion, reaching $3.43 trillion. Nvidia Overtook Apple To Become World\u2019s Most Valuable Corporation In June of last […]","og_url":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-11-07T08:24:09+00:00","article_modified_time":"2024-11-07T08:24:31+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png","type":"image\/png"}],"author":"Radhika Kajarekar","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Radhika Kajarekar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/","url":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/","name":"AI Boom: Chipmaker Nvidia Beats Apple To Become World's Biggest Company Ever - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png","datePublished":"2024-11-07T08:24:09+00:00","dateModified":"2024-11-07T08:24:31+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png","width":1280,"height":720},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/ai-boom-chipmaker-nvidia-beats-apple-to-become-worlds-biggest-company-ever\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"AI Boom: Chipmaker Nvidia Beats Apple To Become World’s Biggest Company Ever"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/3d6ff61ba47715670139663cc4767b1c","name":"Radhika Kajarekar","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f1db673eec2bc1089f0cb5aabbc342d28aa6e57f0b0ade5099ce322f0a984358?s=96&d=mm&r=g","caption":"Radhika Kajarekar"},"url":"https:\/\/trak.in\/stories\/author\/radhika-kajarekar\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/11\/image4-1280x720-1.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1287111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1287111"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1287111\/revisions"}],"predecessor-version":[{"id":1287113,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1287111\/revisions\/1287113"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1287112"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1287111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1287111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1287111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}