Nvidia retakes world’s most-valuable company title from Apple as market cap climbs

seekingalpha11-06

Antonio Bordunovi Nvidia’s (NASDAQ:NVDA) market capitalization on Tuesday surpassed that of Apple’s (AAPL), allowing the AI chipmaker to once again be billed as the world’s most-valuable publicly ...

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Nvidia’s (NVDA) Nasdaq-listed shares climbed 2.8% to end at $139.93 each, pushing the market cap to $3.43T. Apple’s (AAPL) market cap finished the session at $3.37T after shares edged up 0.7% to $223.45.  It’s not the first time Nvidia (NVDA) has snatched the top spot in terms of market valuation. In June, Nvidia (NVDA) hit a $3.3T market cap, overtaking Microsoft (MSFT) and Apple (NASDAQ:AAPL).   The fresh achievement was logged before Nvidia (NVDA) joins the Dow Jones Industrial Average (DJI), bumping rival Intel (INTC) from the blue-chip gauge. The changes were slated to take place before trading opens on Friday.  Demand for all-things AI has propelled the chipmaker’s (NVDA) stock up by ~183% in 2024, and by ~206% over the past year. The iPhone maker stock (AAPL) has advanced 16% this year.  In the widely watched SPDR S&P 500 ETF (SPY), Apple (AAPL) and Nvidia (NVDA) are ranked as first and third in terms of weightings. The exchange-trade fund (SPY) and the (SP500) have advanced more than 20% in 2024.  For investors seeking tech-related ETFs, here are a few: (XLK), (VGT), (XLK), and (FTEC).","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481281663"}