Tech giant
Nvidia
is on a hot streak, and this spree may leave take away
iPhone
maker Apple's 'valued' position. Chip giant Nvidia's market value is fueled by the growing popularity of artificial intelligence (AI). Its stock price has tripled in the past year, putting it in position to challenge
Apple
for the title of the world's second-most valuable company.
Microsoft is currently the world's most-valuable company, followed by Apple.
This rise comes as Apple faces some headwinds. Demand for iPhones has softened, and competition in China is fierce. Some analysts even claim that Apple's pace of innovation seems to be slowing down.
In contrast, Nvidia has been riding wave after wave of growth. The company's powerful graphics chips are essential for many AI applications, including the popular ChatGPT language model. This demand has made Nvidia a major driver of the recent surge in US stock prices.
Setting milestone
Nvidia achieved a record-breaking milestone in 2024, becoming the fastest company to reach a market value of $2 trillion. The company consistently exceeds Wall Street's expectations, and demand for its products far outstrips supply.
This bullish sentiment is reflected in the options market, where traders are placing bets on Nvidia's continued rise. The recent surge in trading volume suggests strong investor confidence.
With its focus on cutting-edge technology and a track record of exceeding expectations, Nvidia is poised to become a major player in the tech industry.
English (US) ·