Prime Highlights:
Nvidia’s revenue for the most recent quarter nearly doubled to $35.08 billion, reflecting continued strength in AI chip demand.
Nvidia dominates the GPU market, essential for AI technologies like OpenAI’s ChatGPT, while Apple’s exposure to AI remains limited.
Apple was the first company to reach $1 trillion, $2 trillion, and $3 trillion market caps, but Nvidia has overtaken it again in market value.
Key Background:
Nvidia reclaimed its position as the world’s most valuable publicly traded company, surpassing Apple once again in market capitalization. The chipmaker’s shares rose by over 2% on Tuesday, and have increased nearly 5% in 2025, following a remarkable 171% growth in 2024 and a staggering 239% rise in 2023. This surge reflects the growing demand for Nvidia’s graphics processing units (GPUs), which are critical for the development and deployment of artificial intelligence (AI) technologies.
Nvidia’s market capitalization reached approximately $3.45 trillion, edging past Apple, whose market cap stood at $3.35 trillion at the close of trading on Tuesday. Microsoft, another major player in the AI sector, follows closely behind with a market cap of $3.2 trillion. Nvidia’s dominance in the GPU market has become a cornerstone of the AI boom, as its chips are integral to platforms such as OpenAI’s ChatGPT and other machine learning applications. In contrast, Apple, despite its efforts to integrate AI features into its products through its Apple Intelligence suite, does not have the same level of exposure to the AI industry.
The shift in market values highlights the increasing importance of AI-driven technologies, with Nvidia benefitting from its leading role in the GPU sector. The company’s revenue growth, which has slowed recently, continues to impress, nearly doubling to $35.08 billion in the most recent quarter. In comparison, Apple’s shares experienced a 3% decline on Tuesday and are down 11% so far this year, following a 30% gain in 2024.
Nvidia’s rise to the top comes after a series of milestones for Apple, which was the first company to reach the $1 trillion, $2 trillion, and $3 trillion market cap thresholds. Nvidia previously surpassed Apple in market value in June and November 2024, solidifying its position as a key player in the global economy. Notably, Nvidia joined the Dow Jones Industrial Average in November 2024, replacing Intel, and now shares the index with other tech giants such as Apple and Microsoft. As the demand for AI technologies continues to soar, Nvidia’s leadership in the GPU market positions it well for further growth in the coming years.