Nvidia Surpasses Apple as World’s Most Valuable Company Amid AI Boom

WASHINGTON, D.C. — Nvidia reclaimed its position as the world’s most valuable publicly-traded company on Tuesday, surpassing Apple with a market capitalization of $3.4 trillion. The chipmaker’s shares rose over 1% on Tuesday, continuing a meteoric rise fueled by surging demand for its artificial intelligence (AI) chips.

Nvidia’s stock has surged approximately 4% in 2025, following a 171% gain in 2024 and a nearly 239% increase in 2023. The company dominates the market for graphics processing units (GPUs), which are critical for developing and deploying AI technologies like OpenAI‘s ChatGPT. In its most recent quarter, Nvidia’s revenue nearly doubled to $35.08 billion, despite slowing growth rates.

Meanwhile, Apple shares fell 4% on Tuesday, bringing its year-to-date decline to 12%. The tech giant, which was the first company to reach $1 trillion, $2 trillion, and $3 trillion in market value, has struggled to match Nvidia’s exposure to the AI boom. Apple has introduced its Apple Intelligence suite of AI features for its devices, but its business remains less reliant on AI-driven growth compared to Nvidia.

Microsoft, another major player in the AI space, trails closely behind with a market cap of $3.2 trillion. The company is a significant buyer of Nvidia’s GPUs and recently projected strong growth in its AI-related revenue for fiscal 2025.

Nvidia’s ascent marks a significant shift in the tech landscape. The company first surpassed Apple in June 2024 and again in November 2024. Its inclusion in the Dow Jones Industrial Average in November, replacing Intel, further solidified its status as a blue-chip stock alongside Apple and Microsoft.

“Nvidia’s outperformance will continue, and growth rates will remain higher,” said Gene Munster, managing partner at Deepwater Asset Management, in a recent interview. “The company is at the forefront of the AI revolution, and its technology is indispensable for the industry.”