Nvidia is the world's most valuable company (again). What's next for the AI chip king?

Nvidia recaptured the most-valuable-company crown from Apple on Election Day and hasn't looked back since then. The big question is what's next for the AI chip powerhouse as Wall Street analysts and shareholders alike look ahead to Donald Trump's return to the White House in less than 70 days. One thing that's widely understood is the artificial intelligence revolution is still in its infancy, and Nvidia is the go-to company for what's needed to run AI workloads.

mountain Nvidia's year-to-date stock performance versus Apple. While Nvidia has certainly had an incredible run since the late 2022 release of OpenAI's ChatGPT, which kicked off the greatest data center spending spree in history, all three analysts believe we're still only in the early stages. Given the capital expenditure intentions offered by the megacap tech companies in the past few weeks, we certainly agree.

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Top Wall Street analysts like these stocks for their growth prospectsTipRanks’ analyst ranking service pinpoints Wall Street’s best-performing stocks, including Nvidia and Fortinet.
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Nvidia overtakes Apple as world's most valuable company with $3.5T valuationNvidia’s stock has risen about 18% so far in October, with a string of gains coming after OpenAI, the company behind ChatGPT, announced a funding round of $6.6 billion.
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Nvidia overtakes Apple as world’s most valuable companyReuters
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