“Nvidia overtaking Apple in market cap not only conveys that it is the biggest beneficiary of the AI infrastructure cycle, but it suggests people expect the AI boom will continue.” The chipmaker accounts for 7% of the weight of the S&P 500 Index and is ...

Nvidia on Tuesday exceeded Apple’s market capitalization to become the world’s largest company, on the strength of a global AI push. As Bloomberg notes,

ToplineArtificial intelligence kingpin Nvidia became the largest company in the world Monday, surpassing iPhone maker Apple, marking another feather in the cap for the Silicon Valley titan Nvidia. Key FactsNvidia’s market capitalization rose to $3.

It’s the second time this year that the influential stock market index is seeing a shakeup. Here’s what to know. For the second time in 2024, the Dow Jones Industrial Average (INDEXDJX: .DJI) is getting a shakeup.

The AI chip maker will join the 30-company stock indexm which is seen as a bellwether for U.S. economic fortunes.