Apple becomes the first $1 trillion global brand, Nvidia’s value triples, report says

:Apple has develop into the major imprint to unhealthy $1 trillion in imprint model, a 15 per cent jump from final year, whereas chipmaker Nvidia’s model has nearly tripled, a world ranking by Kantar’s BrandZ showed on Wednesday.

The iPhone maker retained its crown as the realm’s Most extraordinary imprint for the third straight year in 2024, followed by Alphabet’s Google at $753 billion and Microsoft at $713 billion, Kantar said.

Earlier this week, Apple unveiled original AI aspects, that are expected to rekindle set aside a matter to for iPhones and reverse a sales decline for its ultimate-selling product ensuing from uneven particular person spending and resurgent tech opponents.

“Apple has been consistently in a declare to raise products, services and messaging, which has closely resonated with the buyers, making a powerful fan-following for the logo,” Counterpoint analyst Varun Mishra said.

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

Browsing a wave of AI enthusiasm and a improve in chip set aside a matter to, Nvidia has for the major time entered Kantar’s list of high 10 Most extraordinary brands on this planet.

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

Its imprint model jumped to over $200 billion from a year earlier, making Nvidia the sixth Most extraordinary imprint, Kantar said.

“What in actuality devices Nvidia aside is the faith that retail and institutional investors alike acquire within the agency’s centrality to the final note disruptive narratives in tech,” the consulting company said.

Oracle, which supplies AI-powered cloud services, additionally made its debut in Kantar’s high 10 at the ninth scheme. Its imprint model jumped 58 per cent to $145 billion.

Kantar said its be taught covered over 4.3 million particular person interviews in 532 lessons, and 21,000 loads of brands in 54 markets.