Apple and Nvidia are both nearing a $4 trillion market cap, with Apple having the advantage.

From Nasdaq: 2024-07-04 08:49:00

Nvidia has reached a $3 trillion market cap, making it one of the top three most valuable companies globally, with Apple just ahead at nearly $3.4 trillion, and Microsoft currently the highest at over $3.4 trillion. Both Apple and Nvidia are expected to continue growing, but which will hit a $4 trillion valuation first?

Nvidia’s impressive growth is driven by its leading position in providing AI chips for tech companies. However, Apple’s introduction of Apple Intelligence in its latest devices could spark a growth surge. While Nvidia faces challenges in sustaining its growth rate, Apple’s friendlier valuation and growth potential make it an attractive investment choice over Nvidia.

Investors may find Apple more promising as it has room to grow with its enhanced AI capabilities. While Nvidia excels currently, its high valuation makes it vulnerable to market shifts. Apple’s potential for growth and competitive advantage in AI technology position it as a strong contender to reach a $4 trillion valuation before Nvidia or Microsoft.

For those considering investing in Apple, the Motley Fool Stock Advisor team has identified 10 top stocks for potential high returns. While Apple may not be on that list, past recommendations like Nvidia show the potential for substantial gains. Stock Advisor offers guidance and insights for success, with a track record of outperforming the S&P 500 since 2002.



Read more at Nasdaq: Apple or Nvidia: Which Will Get to $4 Trillion First?