In excess of Apple, on the strength of a global push for AI, Nvidia turned itself into the world's biggest company on Tuesday. Its chipmaking business has seen growth of 850% from the tail end of last year, Bloomberg says.

At the end of trading, Nvidia's value exceeded Apple's at $3.43 trillion compared to the latter's $3.38 trillion. It isn't the first time they have traded places. This June, Nvidia overthrew Apple as well but only for one day.

Apple Intelligence is a new, compact model generative AI from Apple. Meanwhile, Nvidia remains the foundation component of the world's largest language models-for now at least. Late last month, Reuters reported that OpenAI, the maker of ChatGPT, has been working with Broadcom on proprietary systems of its own.