The American technology multinational best known for its GPUs, Nvidiais now the largest company in the world, rising significantly at the end of the year, with a valuation of $3.73 trillion in today’s market. Nvidia’s success at the top is attributed to its artificial intelligence (AI) offerings, and that includes its base model, as well as renowned GPUs that help run the companies’ models.

In this recent rise to the top, Nvidia once again beat out Apple as the world’s largest company, with the former “most valuable company” getting a late start on its artificial intelligence offerings that only arrived this year.

Nvidia is now the largest company in the world, valued at $3.73 trillion

TechCrunch reported that Nvidia is now the world’s largest company and is touting its valuation of $3.73 trillion as of market close earlier today, surpassing Apple which previously held the top spot. It’s unclear how long Nvidia will maintain its current position, as it has been seen throughout this year to have a push-and-pull relationship with Apple on the charts.

Apple is currently valued at $3.38 trillion and has seen a huge gap from Nvidia’s current market value. Previously, Nvidia surpassed Apple last June to become the world’s largest company, but it only held that recognition for one day.

This was revealed by Bloomberg that Nvidia’s massive jump today has seen a staggering 850% growth since the end of 2022, with the company facing significant successes in welcoming current technological advancements.

Nvidia’s rise to the top is due to its focus on AI

Nvidia’s growth and current state is attributed to its fame in artificial intelligence, with the company focusing on developing AI chips and GPUs to run the technology for many brands and customers. In addition, Nvidia has also developed its Large Language Model (LLM) accessible to its partners.

Top AI companies are known to use Nvidia’s AI chips to run and develop models, such as Tesla, xAI, etc. More recently, OpenAI has been one of its main customers, but the company switched to AMD chips and quickly developed its own.

Nvidia’s recent successes with AI

Before Nvidia released its first AI model to accompany its CPUs and GPUs in powering computers and other devices to help develop and run artificial intelligence, it was the the world’s leading AI chip brand. With this move, Nvidia catapulted itself as one of the leading companies in the field of artificial intelligence, and also helped the company get closer to Apple’s valuation.

Earlier this year, Nvidia revealed its huge market performance after seeing a 628% increase in profits, which also gave the company 268% revenue growth and one of its quarterly the most efficient. Because of this, the company also saw its shares jump 4%, as well as earnings per share of $6.12, all attributing its success to its new focus on AI.

The company has also accelerated the development of its AI chips offered to customers and industry partners, promising to be able to deliver one new chip per year, seeking to deliver new experiences enabling artificial intelligence. Nvidia is now at the top of the world’s largest companies after surpassing Apple’s massive valuation, all thanks to its developments in artificial intelligence that have helped boost its importance.