Nvidia Expected to Overtake Apple Soon as World’s Second Most Valuable Company
Nvidia is on the verge of surpassing Apple as the world’s second-most valuable company. With its stock value almost tripling to $2.68 trillion, Nvidia has seen remarkable growth, driven by robust demand for its advanced chips.
Meanwhile, Apple, currently valued at $2.92 trillion, is grappling with subdued iPhone demand and stiff competition in China. These factors have hindered Apple’s growth compared to Nvidia’s meteoric ascent.
Nvidia’s impressive performance stems from its achievements in gaming, cryptocurrency, and artificial intelligence (AI). This success has propelled U.S. stocks to record highs, with Nvidia achieving a market value of $1 trillion and then $2 trillion at a faster pace than tech giants Amazon and Google.
Optimism about Nvidia’s future is evident among options traders, who are betting on the company’s continued stock appreciation. This positive sentiment underscores confidence in Nvidia’s sustained success and its ability to maintain its rapid growth trajectory.
