iPhone-maker Pips Home of Blackwell Chips becomes world's biggest company

The tug of war for the crown of the world's largest company by market capitalization is now being fiercely fought among American tech companies. These tech giants have dominated this spectrum for a long time.

Apple beats Nvidia

In a recent development in that corner, Nvidia, a company that is in many ways at the center of the AI ​​revolution or at least the company that has benefited most from this surge in AI possibilities, has lost the throne. The world's largest company.

It comes just days after the Jensen Huang-led company returned to the top spot for the first time in its history earlier this year.

In fact, this year itself the company had crossed the historical milestone of 3 trillion US dollars.

However, this enthusiasm doesn't seem to last long, as the Tim Cook-led company has once again regained the top spot it has held for some time now.

Apple's market cap rose 0.86 percent to US$3.54 trillion. Meanwhile, Nvidia stood second with US$3.44 trillion, losing 0.72 per cent.

Satya Nadella-led Microsoft ranked third in the '3 trillion club' with a market cap of US$3.17 trillion. Moreover, MC of Elon Musk's Tesla declined by 2.48 percent to USD 842.67 billion.

demonstration on wall street

On the first day of trading on Monday, October 29, Nvidia shares closed in the red, falling to US$140.52.

This came after the shares fell 0.72 percent or US$1.02 in value.

At the same time, shares of the iPhone maker company closed in the green on Monday.

Apple shares gained 0.86 percent or USD 1.99. This brought the total value of the company's shares to US$233.40 per share.