Friday, October 25, 2024 will remain a memorable day for Nvidia as it briefly took the top spot as the world’s most valuable company, overtaking Apple with a market cap of $3.53 trillion. Though Nvidia’s value has since adjusted to $3.47 trillion, this remarkable feat highlights the company’s substantial growth and leadership in the AI-driven GPU market.

This isn’t the first time Nvidia has reached such heights. Back in June, Nvidia surpassed both Microsoft and Apple, hitting a $3 trillion market cap for the first time following a 10-for-1 stock split. The company’s trajectory has been consistently upward, having reached $2 trillion in February 2024 and $1 trillion in May 2023.

A significant driver of Nvidia’s growth is its stronghold in data centers. In August, Nvidia reported revenues of $30 billion, with $26.3 billion derived from its data center business—a division that grew 154% compared to the same period last year, thanks to the AI-fueled demand for high-performance GPUs.

The company’s latest Blackwell server GPUs are reportedly already sold out for the next 12 months, underscoring Nvidia’s crucial role in the AI and data center space and solidifying its position as a tech industry leader. It is only a matter of time before Nvidia cements its position as the most valuable company in the world.