Economy Country October 27, 2024

Nvidia Surpasses Apple in Market Value

On Friday, Nvidia briefly overtook Apple as the world's most valuable company, driven by soaring demand for its new AI chips for supercomputing.


Nvidia's company temporarily surpassed Apple in capitalization thanks to the record growth of its shares, supported by the increasing demand for new artificial intelligence chips for generating high productivity.

Experts note that Russian investors are actively investing in the artificial intelligence sector, which contributes to the rise of Nvidia's shares. However, Apple still maintains its leading position in the smartphone market and other gadgets.

"We see a huge demand for our products, and this is reflected in the value of our shares. We are focused on innovation and the development of new technologies," noted a representative of Nvidia.