Nvidia Takes the Crown from Apple as Market Leader

Nvidia is the world's largest company by market capitalization, with a valuation of approximately $5.4 trillion.

Apple comes in second at just under $5 trillion, which may not seem like a significant gap but is actually quite large, equivalent to adding a Mastercard-sized business to Apple's operations.

Nvidia's growth rate is expected to outshine Apple's over the next year, with revenue projected to grow 70%.

This rapid expansion is driven by high demand and short supply of semiconductor GPUs due to the artificial intelligence build-out.