Nvidia's Rise to Most Valuable Public Company

Nvidia, known for gaming chips, has become the most valuable public company globally due to its AI chips. Its market cap now exceeds Microsoft and Apple, with a dominant position in the AI chip market and significant revenue growth.

Nvidia Becomes Most Valuable Public Company

Nvidia, known for its graphics chips, has become the most valuable public company in the world, surpassing Microsoft and Apple. Its market cap is $3.34 trillion, with significant growth driven by AI chip dominance in data centers.

U.S. Restrictions on AI Chip Sales to China

Despite U.S. government restrictions on selling advanced AI chips to Chinese companies, American corporations like Oracle have found loopholes to rent out Nvidia's cutting-edge H100 chips to TikTok owner ByteDance on U.S. soil, allowing Chinese companies to access coveted chips. U.S. Commerce Department proposed a rule to verify foreign customers' identities training AI models for potential malicious cyber-enabled activity.