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Nvidia is now more valuable than Apple at $3.01 trillion

Image: Cath Virginia / The Verge

Nvidia has become the second most valuable company in the world. On Wednesday afternoon, the chipmaking giant’s market capitalization hit $3.01 trillion, putting it just ahead of Apple at $3 trillion.

As Nvidia dominates the AI race with its flagship H100 chip, the company’s market cap has only continued to rise. Nvidia became a $1 trillion company in May 2023, then skyrocketed past $2 trillion in February of this year, making it more valuable than both Amazon and Alphabet.

Screenshot: The Verge

In May, Nvidia reported making a whopping $14 billion in profit on account of all the chips it’s selling. Nvidia now only trails behind Microsoft, which currently has a market cap of $3.15 trillion. The chipmaker’s stock…

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