Nvidia briefly became the world’s most valuable listed company in November 2024 after an artificial-intelligence stock surge.
Nvidia’s market capitalization overtook Apple’s during trading in November 2024. Investors were responding to extraordinary demand for Nvidia’s data-center GPUs, which are widely used for training and operating large artificial-intelligence models.
The company’s rise was built on a transformation from a specialist graphics-chip maker into a major supplier of accelerated computing. Nvidia’s hardware is supported by software tools, including CUDA, that help developers use its processors for scientific and AI workloads.
Rankings can change quickly because they depend on share prices. Nvidia, Apple, and Microsoft repeatedly exchanged the top position as investors revised expectations about AI spending, consumer demand, interest rates, and future earnings.