From NASDAQ.: 2024-06-20 12:16:36

Apple recently reclaimed its title as the world’s biggest company from Microsoft after a stellar rally following the WWDC. However, Nvidia surpassed both tech giants to become the most valuable company in a “flippening” moment. Analysts predict Nvidia’s market cap could reach almost $5 trillion, while Apple and Microsoft are also expected to see significant growth.

Analysts predict that Apple’s market cap could rise to $4.2 trillion, with a street-high target price of $275. Similarly, Nvidia’s stock has been rising steadily, with a street-high target price of $200, implying a market cap close to $5 trillion. Microsoft, with a mean target price of $492.71, has the potential to reach a market cap of nearly $4.5 trillion.

The race for the world’s biggest company by the end of 2024 is heating up between Apple, Microsoft, and Nvidia. Analysts have varying opinions on which company will come out on top, with some cautioning against Nvidia’s rapid rise and others highlighting opportunities for growth in Apple and Microsoft. The tech sector is in for a fascinating competition among these three behemoths.



Read more at NASDAQ.: What’s Next After Nvidia’s Market Cap Surpasses Apple and Microsoft?