Nvidia surpasses Apple to become world’s largest company in AI era ...Middle East

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Nvidia surpasses Apple to become world’s largest company in AI era
San Francisco: Graphics chip giant Nvidia has become the world’s largest company by market capitalisation, surpassing Apple, in the artificial intelligence (AI) era. Nvidia was valued at $3.43 trillion at the close of market late on Tuesday, crossing Apple’s $3.38 trillion market value. Jensen Huang-led Nvidia for the first time pushed past Apple in June, though only for a day. The company’s stock rose 2.9 per cent to $139.93, resulting in a market capitalisation of $3.43 trillion. The chipmaker now accounts for 7 per cent of the weight of the S&P 500 Index. Microsoft currently has a market cap of $3.06 trillion. In its second quarter ended July 28, Nvidia reported revenue of $30 billion, u

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