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Nvidia on cusp of overtaking Apple as second-most-valuable company

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Investors cannot get enough of the semiconductor maker as AI frenzy continues

) to become the world’s second-most-valuable company, as investors cannot get enough of the semiconductor maker whose chips power popular artificial intelligence tools such as ChatGPT.

“It is also finding strong speculative support as a favorite among long option buyers who have seen almost a straight upward climb throughout 2024.” By comparison, Intel’s PE multiple is 30.24 and that of Philadelphia SE Semiconductor Index is 39.6, LSEG data showed.

 

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