Nvidia just became the world's largest company amid AI boom
Portfolio Pulse from
Nvidia has surpassed Apple to become the world's largest company by market capitalization, driven by a significant AI boom. The chipmaker has seen an 850% growth since late 2022.
November 05, 2024 | 11:30 pm
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Nvidia has become the world's largest company by market capitalization, surpassing Apple, due to a strong global AI push and an 850% growth since late 2022.
Nvidia's significant growth and its new status as the largest company by market cap are likely to positively impact its stock price in the short term. The AI boom has been a major driver of this growth, indicating strong investor confidence and potential for continued success.
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