Nvidia has reclaimed its position as the world’s most valuable publicly traded company, surpassing Apple in market capitalization on Tuesday. At the close of trading, Nvidia’s market cap reached approximately $3.45 trillion, compared to Apple’s $3.35 trillion. This shift comes as Nvidia’s stock rose over 2% on the same day, while Apple shares slid by 3%, marking a significant turn in the competitive landscape of the tech industry.
Despite experiencing a slowdown in revenue growth, Nvidia reported nearly doubling its revenue to $35.08 billion in the most recent quarter. The company’s strong performance is largely attributed to its dominance in the graphics processing unit (GPU) market, which has become crucial for the development and deployment of artificial intelligence (AI) software, including popular applications like OpenAI’s ChatGPT.
Nvidia’s ascent is noteworthy, particularly as it joined the Dow Industrial Average in November 2023, replacing Intel. However, it is important to note that Nvidia’s stock has seen an 11% decline thus far in 2025, following an impressive gain of 30% in 2024. The company’s shares skyrocketed by 171% in 2024 and nearly 239% in 2023, underscoring its remarkable growth trajectory in recent years.
Apple, historically the first company to achieve market capitalizations of $1 trillion, $2 trillion, and $3 trillion, now faces challenges as it navigates a competitive environment where Nvidia’s AI chips are in high demand. Microsoft has emerged as a major buyer of Nvidia’s GPUs, with plans to invest $80 billion in AI data centers during fiscal 2025.
Nvidia’s resurgence in market value is not the first instance; it previously overtook Apple in June and again in November of last year. The volatility between these two tech giants highlights the dynamic nature of the stock market and the impact of emerging technologies on traditional industry leaders.
Author’s Opinion
The tussle for the top spot in market capitalization between Nvidia and Apple not only demonstrates the volatile nature of stock markets but also underscores the shifting paradigms in the tech industry. Nvidia’s recent ascendancy is a testament to the increasing importance of AI and GPU technologies, which are pivotal in driving the next wave of digital innovation. This competition highlights the continual evolution and adaptation required by tech giants to stay ahead in an ever-changing technological landscape.
Featured image credit: wieweser via DeviantArt
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