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Nvidia's astonishing rise from the brink of collapse to surpassing Apple as the world's biggest company
Published 1 year, 7 months ago
Description
Nvidia reached a market cap of $3.58 trillion, surpassing Apple at $3.39 trillion and Microsoft at $3.10 trillion as of November 7, 2024. This marks Nvidia's second time holding the top position this year. The increase in Nvidia's stock links to rising investor interest in artificial intelligence. Major tech companies such as Meta and Google depend on Nvidia, contributing to positive investor sentiment. Nvidia, founded in 1993, faced early challenges but rebounded with the launch of the Riva 128 graphics chip in 1997. The company saw its shares rise over 200% this year and more than 2,700% over the past five years.
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