Nvidia became the world’s most valuable company by market capitalization in November 2024.
Nvidia overtook Apple in November 2024 as investor enthusiasm for artificial-intelligence computing pushed its shares higher. The company’s valuation was supported by enormous demand for its data-center GPUs, which are used to train and run many generative-AI systems.
Nvidia’s technology combines specialized processors with a software platform called CUDA. That software ecosystem helps developers use Nvidia hardware for scientific computing, machine learning, and other parallel workloads, giving the company an influential position in AI infrastructure.
Market-cap leadership can change quickly because it depends on share prices, exchange rates, and the number of shares outstanding. Nvidia’s rise followed its June 2024 spell at the top and illustrated how rapidly AI-related expectations altered the ranking of the world’s largest listed companies.