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Nvidia overtakes Apple after hitting R57 trillion market cap

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Artificial Intelligence (AI),Jen-Hsun “Jensen” Huang,Nvidia

Nvidia has now become the first computer-chip company to ever hit $3 trillion in market capitalization.

Nvidia was already the world’s most valuable semiconductor firm. Now, it’s become the first computer-chip company ever to hit $3 trillion in market capitalization.

The last time Nvidia was worth more than Apple was in 2002, five years before the first iPhone was released.Nvidia has shown no signs of slowing down or letting its rivals catch up; the company’s chief executive officer Jensen Huang said the firm “We see this sea change as in the very early innings,” said Angelo Zino, senior equity analyst at CFRA Research.

 

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