Nvidia's market value rises, briefly surpassing Apple as AI focus grows

Nvidia's market value has surged, briefly surpassing Apple as the world's most valuable company, driven by its dominance in AI processors rather than its traditional GPU market. Last week, Nvidia's stock reached $3.53 trillion, compared to Apple's $3.52 trillion. This increase follows Nvidia's recent unveiling of a new AI model that reportedly outperforms competitors like OpenAI. The company is enhancing its AI capabilities alongside its GPU offerings, reflecting a shift in focus. Nvidia's growth is supported by strong demand for its chips as more companies adopt AI technologies. The company is also set to supply components for Nintendo's upcoming Switch 2 console.