Nvidia dethrones Apple: Becomes the world's most valuable company
California-based chipmaker Nvidia has surpassed Apple in market value to become the world's most valuable company.
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Nvidia's shares, traded on the Nasdaq stock exchange, gained 2.84 percent on Tuesday, rising to 139.91 dollars per share.
The company's total market value reached 3.43 trillion dollars with the rise in its shares.
Thus, by surpassing Apple's 3.38 trillion dollar market value, Nvidia has claimed the title of the world's most valuable company for the second time.
Driven by increasing demand for artificial intelligence chips, Nvidia's shares have gained 182.5 percent in value since the beginning of the year.
Nvidia's market value first exceeded 3 trillion dollars at the beginning of June.