Ending Wednesday with a market cap of $3.57 trillion, Nvidia has surpassed Apple to become the world's most valuable company. Over the last two years, the AI boom has multiplied Nvidia's market cap, stock price, and revenue, with no signs of slowing down.
Since generative AI began gaining popularity, companies worldwide have scrambled to acquire GPUs for AI models, with Nvidia's products being the most sought after by far. This trend has increased the company's market cap by 218 percent over the past year and more than 3,000 percent in the last five years.