Investing.com -- Nvidia (NASDAQ:NVDA) has once again claimed the title of the world's most valuable publicly-traded company, surpassing Apple (NASDAQ:AAPL) in market value on Tuesday. This marks the third time Nvidia has overtaken Apple, having previously done so in June and November.
Nvidia's shares increased by over 1% on Tuesday. So far in 2025, the chipmaker's shares have risen about 4%, following a 171% increase in 2024 and nearly 239% in 2023. This robust growth reflects the strong demand for Nvidia's artificial intelligence (AI) chips.
In contrast, Apple's shares fell by 4% on Tuesday, bringing the total decline this year to 12%. Despite a 30% gain in 2024 and the development of its Apple Intelligence suite of AI features for phones and laptops, Apple's business has not benefited from the AI boom to the same extent as Nvidia.
Nvidia holds the majority of the market share for graphics processing units (GPUs). These GPUs are crucial for developing and deploying AI software, such as OpenAI's ChatGPT. Although Nvidia's revenue growth has slowed, it nearly doubled to $35.08 billion in the most recent quarter.
Apple was the first company to achieve market cap milestones of $1 trillion, $2 trillion, and $3 trillion. As of Tuesday, Nvidia's market cap stands at approximately $3.4 trillion, compared to Apple's $3.3 trillion. Microsoft (NASDAQ:MSFT) trails closely behind with a market cap of $3.2 trillion. Earlier this month, Microsoft, a major customer of Nvidia's GPUs, announced plans to spend $80 billion on AI data centers in fiscal 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.