Apple and Nvidia both have potential to reach $4 trillion market cap, Apple currently leading.

From Nasdaq: 2024-12-12 05:37:00

Apple and Nvidia are both valued at over $3 trillion, with potential to hit $4 trillion soon. Apple currently leads in market cap but faces competition in AI development. Nvidia’s growth is driven by AI chips, but faces challenges. Apple’s AI features could boost stock to $4 trillion first.

Nvidia’s stock has surged 330% in 3 years with 94% revenue growth, trading at a P/E of 33. Apple’s sales are growing slower, making Nvidia more appealing. Demand for AI chips benefits Nvidia, but high expectations may hinder growth. Apple may have more upside potential in the near term.

Investors consider buying Apple stock, as Motley Fool’s Stock Advisor team identifies 10 best stocks excluding Apple. Stock Advisor has outperformed S&P 500 since 2002. Nvidia’s inclusion in the list in 2005 led to significant returns. Apple’s long-term potential may be worth the investment.



Read more at Nasdaq: Apple vs. Nvidia: Which Will Hit a $4 Trillion Market Cap First?