Which Artificial Intelligence Company briefly became the world’s most valuable company in 2024?
Show Hint
- Microsoft
- Google
- Apple
- Nvidia
The Correct Option is D
Solution and Explanation
In 2024, Nvidia briefly surpassed other tech giants, including Apple, to become the world’s most valuable company. This rise was driven by the increasing demand for AI technologies, particularly in sectors such as machine learning, deep learning, and autonomous systems.
Step 2: Nvidia’s Contribution to AI
Nvidia’s Graphics Processing Units (GPUs) have become essential for AI model training, especially in large-scale systems that power the latest advancements in AI research and applications. This has led to a boom in Nvidia’s stock prices, helping it achieve the top spot in terms of market capitalization.
Step 3: Other Factors
Microsoft, Google, and Apple have been key players in AI development but Nvidia's specialized hardware for AI gave it a temporary edge in terms of market value.
Thus, Nvidia is the correct answer.
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