Chipmaker Nvidia temporarily dethroned Apple as the most valuable company in the world on Monday — another stop on the company's unlikely journey from startup to tech giant.
Nvidia shares rose Monday morning, boosting its market value to $3.38 trillion by the afternoon, surpassing Apple's $3.35 trillion market cap.
The news came just days after S&P Dow Jones Indices announced that Nvidia is replacing rival chipmaker Intel in the Dow Jones Industrial Average, a 30-member index that's often viewed as a key metric of the U.S. economy.
By Monday evening, Apple bounced back to the top with a $3.38 trillion market value, compared to Nvidia's $3.34 trillion.
"We came right here to this Denny's, sat right back there, and the three of us decided to start the company," said Huang.. "Frankly, I had no idea how to do it, nor did they.
Persons:
Dow, Apple, Jensen Huang, Chris Malachowsky, Curtis Priem, Huang, DON'T
Organizations:
Nvidia, Apple, Dow Jones Indices, Intel, Dow Jones, CBS
Locations:
U.S, San Jose , California