Nvidia briefly dethrones Apple as world's most valuable company

Nvidia has overtaken Apple as the world's most valuable company. The chipmaker's market value briefly touched $3.53 trillion on Friday, surpassing Apple with $3.52 trillion market capitalisation. Nvidia's shares have surged about 18% in the month of October and nearly 200% in this year itself. The record-setting rally has been driven by an increased demand for its supercomputing AI chips.