The news: Nvidia has once more overtaken Apple to become the most valuable company in the world on the strength of AI demand across industries. Its market capitalization rose to $3.43 trillion Tuesday, surpassing Apple’s $3.38 trillion value.
The sky’s the limit: Rising investments in AI infrastructure expansion from AI-centric Big Tech companies like Meta, Microsoft, Amazon, and Google are boosting demand for Nvidia’s graphics processing units (GPUs) which power AI data centers and workflows.