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Nvidia to be world's second-most valuable company as AI demands grow

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Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in the adoption of AI applications.

<p>NEW YORK — Nvidia could soon surpass Apple to become the world's second-most valuable company, as the biggest beneficiary of the surge in adoption of AI applications takes on the iPhone&#x2

 1 spot to Microsoft earlier this year as the once high-flying company grapples with weak demand for its iPhones and tough competition in China. It was last valued at $2.92 trillion.

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Nvidia Could Pass Apple as World's Second-Most Valuable CompanyThe AI chipmaker's market cap sits around $2.8 trillion
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How Big Can Nvidia Get As It Threatens Apple And A $3 Trillion Market Cap?Derek Saul is a New Jersey-based Senior Reporter on Forbes' news team. He graduated in 2021 from Duke University, where he majored in Economics and served as sports editor for The Chronicle, Duke's student newspaper, joining Forbes soon thereafter.
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