AI helps the world’s biggest tech firms smash $10 trillion market capitalization ceiling — Nvidia replaces Facebook as the new kid on the block while Microsoft displaces Apple at the helm

The world’s biggest tech giants have swelled more than $1 trillion in valuation, thanks in part to investments and advancements in generative AI – collectively exceeding $10 trillion in valuation. 

But it’s not good news for everyone, as Meta, which has only just pivoted to AI after misfiring on its metaverse bet, is yet to hit $1 trillion – specifically, $937.85 billion at the time of writing.