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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Nvidia set to overtake Apple as world's second-most valuable companyNvidia 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 ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Wall Street firms up Nvidia price targets ahead of earningsNvidia (NVDA) reports its fiscal first-quarter earnings results after the closing bell on Wednesday, May 22. The chip giant has powered market rallies in...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq, S&P pop to records as Wall Street waits for Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »