Mi Nvidia's Market Cap Chases Down Apple's Tide...Recapturing No. 1 Market Cap in the Day

AI chip leader Nvidia is on the verge of retaking its position as the world's most expensive company.

Nvidia shares rose 0.8% to close at $141.54, on the New York Stock Exchange.

The market capitalization grew to $3.471 trillion, trailing top-cap Apple by $50 billion.

Nvidia shares rose more than 2% during the day, even retaking its top market cap position over Apple.

Nvidia shares were boosted by surging demand, with a year's worth of supplies of its latest AI chip Blackwell reportedly sold out, and expectations for earnings reports from major customers Google and other big tech.