Nvidia set to overtake Apple as world's second-most valuable company

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 41 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Apple News

Nvidia,Valuable Company,Zacks Investment Management

Nvidia could soon surpass Apple to become the world's second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that ...

- Nvidia could soon surpass Apple to become the world's second-most valuable company, as the kingmaker behind the AI revolution takes on the iPhone maker that has ruled Wall Street for decades.

"On the other hand, Nvidia has been able to catch wave upon wave of growth. Beginning with gaming demand, then crypto and now AI, they have been able to perfectly match innovation with demand and that equals explosive growth." Since its blowout forecast about a year ago, the company has consistently breezed past Wall Street's lofty expectations for revenue and profit, with demand for its graphic processors far outstripping supply as Big Tech rushes to embed AI applications.

The fund clocked $1 billion in daily turnover for the first time ahead of Nvidia's results last week and its total net assets have hit a record $2.82 billion this week, according to Lipper data. Why I Can’t Stop Buying Shares of This Magnificent High-Yield Dividend Stock in My Retirement Account

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AI darling Nvidia's market value surges closer to AppleExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

AI darling Nvidia’s market value surges closer to AppleChipmaker jumps to record high
Source: globeandmail - 🏆 5. / 92 Read more »

AI darling Nvidia's market value surges closer to AppleNvidia's shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker's stock market value about $100 billion away from overtaking...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

China tariffs, Nvidia earnings, how to view Apple: Opening BidThe trade war with China has become a key talking point in the 2024 election, with President Joe Biden expected to increase tariffs on Chinese electric...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »