NVIDIA surpasses Saudi Aramco, becomes 3rd largest company by m-cap
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NVIDIA is now the third-largest company globally by market capitalization, valued at $2.056 trillion, surpassing Saudi Aramco which stands at $2.046 trillion. The company's stock market value exceeded $2 trillion for the first time on Friday, following a positive forecast from Dell Technologies. This impressive growth is due to NVIDIA's development of essential computer chips for artificial intelligence (AI) technology. The company is only trailing Microsoft and Apple at $3.09 trillion and $2.77 trillion, respectively.