Nvidia Corp. has surpassed Apple Inc. to become the world's largest company, with a market capitalization of $3.43 trillion, fueled by a surge in AI demand. Shares rose 2.9% to $139.93, reflecting a staggering 850% increase since the end of 2022. The chipmaker's performance significantly contributes to the S&P 500 Index, accounting for 7% of its weight and driving a quarter of its 21% gain this year.
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