Apple turns into the primary $1 trillion international model, Nvidia’s worth triples, report says

Apple has change into the primary model to cross $1 trillion in model worth, a 15% leap from final 12 months, whereas chipmaker Nvidia’s worth has almost tripled, a world rating by Kantar’s BrandZ confirmed on Wednesday.

The iPhone maker retained its crown because the world’s most dear model for the third straight 12 months in 2024, adopted by Alphabet’s Google at $753 billion and Microsoft at $713 billion, Kantar stated.

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Earlier this week, Apple unveiled new AI options, that are anticipated to rekindle demand for iPhones and reverse a gross sales decline for its biggest-selling product on account of uneven client spending and resurgent tech rivals.

“Apple has been persistently in a position to ship merchandise, companies and messaging, which has carefully resonated with the shoppers, creating a robust fan-following for the model,” Counterpoint analyst Varun Mishra stated.

With a market capitalization of $3.18 trillion, Apple is forward of AI chip powerhouse Nvidia at $2.97 trillion.

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Browsing a wave of AI enthusiasm and a increase in chip demand, Nvidia has for the primary time entered Kantar’s listing of prime 10 most dear manufacturers on the earth.

“Nvidia, led by the Godfather of AI Jensen (Huang) and the creator of this AI Revolution, is now a family model as its GPU chips are the brand new gold and oil within the tech world,” stated Dan Ives, analyst at Wedbush Securities.

Its model worth jumped to over $200 billion from a 12 months earlier, making Nvidia the sixth most dear model, Kantar stated.

“What actually units Nvidia aside is the religion that retail and institutional traders alike have within the agency’s centrality to the most important disruptive narratives in tech,” the consulting firm stated.

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Oracle, which presents AI-powered cloud companies, additionally made its debut in Kantar’s prime 10 on the ninth place. Its model worth jumped 58% to $145 billion.

Kantar stated its analysis lined over 4.3 million client interviews in 532 classes, and 21,000 completely different manufacturers in 54 markets.