Nvidia's market cap approaching $3.5 trillion, challenging Apple's, with potential for growth

From NASDAQ: 2024-10-21 04:15:00

PwC estimates artificial intelligence could add $15.7 trillion to the global economy by 2030. Nvidia’s market cap nears $3.4 trillion, challenging Apple’s $3.57 trillion. Nvidia’s superior technology, like the Blackwell chip, dominates the market, with greets sales potential. Apple faces challenges as iPhone sales reportedly decline, relying on AI integrations for growth. Nvidia’s growth trajectory suggests it may surpass Apple in market cap. Nvidia’s high valuation and growth potential make it a good investment compared to Apple. Stock Advisor lists Nvidia as a top investment, with potential for significant returns. Johnny Rice has no position in mentioned stocks.



Read more at NASDAQ: Nvidia Market Cap Closing in on $3.5 Trillion: Will It Surpass Apple Soon?