Home > Practice > Current Affairs > October - 2024 > October 27, 2024
1. Which company has officially dethroned Apple as the world’s most valuable company?
Nvidia has recently overtaken Apple to become the world's most valuable company, reaching a market value of $3.53 trillion, slightly above Apple's $3.52 trillion. This significant shift in market value is attributed to the remarkable surge in Nvidia's stock price, driven by the increasing demand for its advanced supercomputing AI chips. Nvidia's rise to the top reflects the growing importance of artificial intelligence and technology in the current market landscape, as the valuations of major tech firms continue to fluctuate closely, highlighting a highly competitive environment among industry leaders.