Nvidia (NASDAQ: NVDA) has become a candidate to overtake Microsoft and Apple as the largest company in the world. After starting 2023 being valued at around a $350 billion market cap, Nvidia is now worth about $2.2 trillion.

That's a dramatic expansion in value and it puts it within striking distance of Microsoft and Apple, which are valued at around $3.1 trillion and $2.6 trillion, respectively. It's still a sizable gap to close, but it may happen sooner than you think if the right circumstances occur.

Nvidia is at the forefront of the artificial intelligence (AI) arms race, as it provides the computing power necessary to make these models work. Its primary product, the GPU (graphics processing unit), excels at crunching through arduous workloads. GPUs are connected to create powerful supercomputers, which often have over 1,000 GPUs.

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Source Fool.com