Nvidia becomes the second largest company in the world, surpassing Apple

Kathmandu. American multinational technology company Nvidia has become the second largest valuable company in the world. Nvidia surpassed Apple's total market value after its share price rose on Wednesday .

On Wednesday, Apple's total capitalization was 3 trillion US dollars, while Nvidia's value reached 3.01 trillion US dollars.

As the development of artificial intelligence (AI) increases, Nvidia's flagship H100 chip has taken a strong market.

In May 2023, Nvidia's capitalization reached one trillion US dollars. Last February, its market value reached 2 trillion, surpassing Alphabet and Amazon.

Now Nvidia has overtaken even Apple. It is now only behind Microsoft, which has a market value of US$3.15 trillion.

Nvidia's share of the AI ​​chip market is between 70 and 95 percent. As the development of AI increases, it is believed that it can overtake even Microsoft.