Nvidia overtakes Apple to become second most valuable company

Nvidia’s shares skyrocketed, propelling its market value past $3 trillion and surpassing Apple to become the world’s second-most valuable company. The surge is driven by soaring demand for its AI chips as tech giants like Microsoft and Google race to dominate the emerging AI technology. Nvidia’s stock has rallied 147% this year, while Apple faces weak iPhone demand and lags in AI integration. Photo: Reuters