Reported 4 months ago
Nvidia is poised to overtake Apple as the world's second-most valuable company, benefitting from the growing adoption of AI applications and the reliance on its high-end chips. Nvidia's market value has nearly tripled over the past year to $2.68 trillion, while Apple has slipped to the No. 2 spot behind Microsoft due to weaker iPhone demand and tough competition in China. Analysts attribute Nvidia's success to its ability to innovate and meet demand in gaming, crypto, and AI sectors, resulting in explosive growth that has driven U.S. stock records. The company's forward earnings valuation has improved, and it has become a popular choice in the derivatives market with its fund reaching record assets amid bullish trading activity.
Source: YAHOO