This isn’t the first time Nvidia has hit the top. It briefly held the number one spot in January but lost it later. Now, growing demand for its AI chips and strong earnings have helped it reclaim the lead.
Nvidia has surpassed Apple in market capitalization to become the second-most valuable publicly traded corporation. After a gain of more than 5% in shares.
With continued backing from its Seed and Series A investors, NEA, Elad Gil, Nat Friedman, and Databricks, as well as new investors, NVIDIA, Jeff Bezos (through Bezos Expeditions Fund), Tobi Lutke, Bessemer Venture Partners, Naval Ravikant, Balaji Srinivasan, Guillermo Rauch, Austen Allred, Factorial Funds, and Kindred Ventures, among others, search platform Perplexity AI secured $73.6 million led by IVP.