Thanks to AI-powerful graphics cards like the GeForce RTX 4090, Nvidia is now valued at over $3 trillion, beating Apple for the first time.

Nvidia reclaimed the title of world's most valuable publicly traded company Tuesday, passing Apple. Nvidia shares closed up almost 3%, giving the chip maker a $3.43 trillion market cap, just above Apple's $3.

Chip-making giant Nvidia surpassed Apple on Tuesday to become the highest valued company in the world as the artificial intelligence boom continues to excite Wall Street.

Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of a global AI push. As Bloomberg notes, the chipmaker has experienced an astronomical 850% growth since the tail end of 2022.

Key Takeaways Nvidia shares rose Tuesday, pushing the chipmaker back into the top spot on the list of the world's most valuable companies by market capitalization, ahead of Apple.Nvidia, Apple, and Microsoft have battled for the title this year as the only three companies with a market capitalization over $3 trillion.

Nvidia has surpassed Apple to become the world's most valuable company, fueled by soaring demand for its AI technology. Driven by strong sales of its AI chips, Nvidia's market cap reached $3.43 trillion,