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

) 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.

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