Nvidia's market valuation has surged from $1 trillion to over $2 trillion within nine months, driven by advancements in artificial intelligence (AI) technology【25†source】【27†source
Apple, the tech giant known for its iPhones and other consumer electronics, currently holds the title of the world's second-most valuable company, with a market valuation of approximately $2.61 trillion【26†source】.
The AI boom has been a significant factor in Nvidia's growth. Nvidia holds a dominant position in the high-end AI chip market, controlling around 80% of it【25†source】
Nvidia's current valuation of $2.38 trillion places it just $230 billion behind Apple and $645 billion behind Microsoft, the world's most valuable company【25†source】.
Nvidia's stock has soared by 95% this year, reflecting strong investor confidence and demand for AI-related assets. In contrast, Apple's stock has faced challenges due to declining iPhone sales【26†source】【27†source】
Nvidia reported a 769% increase in fourth-quarter profit and a 580% jump in full-year profit compared to the previous year, showcasing its robust financial health【27†source】
Analysts predict a potential stock split for Nvidia as its shares approach the $1,000 mark, making it more accessible to smaller retail investors【27†source】.
Nvidia has supplanted Tesla as Wall Street's most traded stock by value in recent weeks, underscoring its rising prominence in the market【25†source】.
Analysts have set a median target price for Nvidia at $850 per share over the next 12 months, which is below its last closing price, suggesting a possible peak in its stock valuation【25†source】.
Nvidia's CEO, Jensen Huang, recently suggested that artificial general intelligence (AGI) could emerge within five years, aligning with Silicon Valley's quest to develop human-like cognitive abilities in computers【25†source】.