Nvidia is on its way to becoming the second most valuable company in the world: The target is Apple
Nvidia has been the company that has captured the rise of artificial intelligence in the best way and continues to benefit from it. The company is also on its way to becoming the second most valuable company in the world.
Nvidia is perhaps one of the companies that best capture the current market fluctuations in the technology world. While the company was meeting the gaming demand with consumer-grade graphics cards, it became one of the biggest supporters of crypto mining a few years ago. Nowadays, the company continues to print money by catching the artificial intelligence trend from the very beginning. On the other hand, Nvidia's growth on the stock market is also increasing rapidly, as is its revenue. This rapid increase shakes Apple's throne
Nvidia may soon surpass Apple, which has been the world's most valuable company in terms of market value for years, and become the second most valuable company in the world. Nvidia's high-end chips continue to be used predominantly in the training and operation of #ChatGPT , Copilot and other productive artificial intelligence. The market value of the company thus tripled within a year, reaching 2.69 trillion dollars.
By contrast, #Apple lost its top spot to #Microsoft earlier this year as it struggled with weak demand for the iPhone and tough competition from China. Apple's current market value is at $2.94 trillion. Meanwhile, Microsoft's value is more than 3 trillion dollars.
According to market analysts, Apple's innovation curve has flattened recently, causing growth to slow down. On the other hand, Nvidia's, and indeed Microsoft's, growth comes from combining innovation with demand. Nvidia also became the fastest company to grow from $1 trillion to $2 trillion in 2024, surpassing Amazon, #Google parent Alphabet and Saudi Aramco.
