Nvidia surpasses Apple as the world's most valuable company.

• On Tuesday, Nvidia surpassed Apple in market value and regained its position as the world's most valuable publicly traded company.
• Nvidia shares rose 171% in 2024 and nearly 239% in 2023.
• Apple was the first company to achieve market cap milestones of $1 trillion, $2 trillion, and $3 trillion.

On Tuesday, the company passed in market value, surpassing Apple as the most valuable publicly-traded company in the world.

The chipmaker's shares have increased by over 1% on Tuesday and are up approximately 4% in 2025, following a 171% increase in 2024 and a nearly 239% rise in 2023, due to the high demand for their artificial intelligence chips.

On Tuesday, Apple shares dropped 4%, resulting in a 12% decline this year. Despite gaining 30% in 2024, the iPhone maker's business does not have the same level of exposure to the AI boom as other companies.

GPUs, which are crucial for AI software development and deployment, are dominated by Nvidia in the market. Despite a slowdown in revenue growth, Nvidia's revenue nearly doubled to $35.08 billion in the most recent quarter.

Nvidia surpassed Apple in market capitalization for the first time in June and then again in November.

On Tuesday, Nvidia's market cap was approximately $3.4 trillion, while Apple's was $3.3 trillion. Microsoft, with a market cap of $3.2 trillion, was just behind them. Microsoft has been a major buyer of Nvidia's GPUs and recently announced that it expects to spend $80 billion on AI data centers in fiscal 2025.

In November, Nvidia replaced Intel in the Dow Industrial Average, becoming part of the blue-chip index alongside Apple and Microsoft.

WATCH: Nvidia's outperformance will continue and growth rates will remain higher