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Nvidia Surpasses Apple As World’s Most Valuable Company

  • Nvidia briefly became the most valuable listed company, surpassing Apple, driven by the demand for AI systems.
  • Nvidia's market capitalisation reached $3.53tn, slightly above Apple's $3.53tn.
  • Nvidia has benefited from its position as the dominant supplier of AI accelerator chips for data centres.
  • Nvidia's stock surged 18% in October, fueled by a $6.6bn funding round for OpenAI and strong demand for AI chips.

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