BUSINESS
As it’s stock climbs and investor enthusiasm grows, all eyes are on whether it will soon beat Apple as the most valuable company globally
Nvidia is on the verge of becoming the world’s most valuable company as its stock prices surge to new records, putting pressure on Apple. The Nvidia Corporation stock price rose by 2.4% on October 14, closing at USD 138.07 and making the firm’s market capitalisation to be about USD 3.39 trillion. This places Nvidia slightly below Apple’s market cap of USD 3.52 trillion, fuelling talk that it might soon unseat the tech titan as Wall Street’s most valuable.
The rise in the stock of Nvidia is mainly due to rising investor optimism about its AI processors. As more and more large tech companies such as Microsoft and Alphabet continue to increase their efforts in AI, Nvidia has become a key stakeholder in this growing industry. TD Cowen analysts stated that the competitive environment looks like a prisoner’s dilemma, where firms have to spend much money on AI technologies.
Nvidia is not the first company to have such a performance; the company was the world’s most valuable for a short time in June 2024 before being dethroned by Microsoft. The current competition between these tech goliaths underlines their overwhelming control of the S&P 500 index; they contribute approximately 20% of the index’s worth.
Although the Blackwell chips, Nvidia’s new chips to be released soon, have recently undergone a slowdown in production ramp, the firm has dismissed these concerns, arguing that the existing products are still popular. This has proved to be a potential growth area for the company; its stock has increased by more than 190% year to date, which shows that there is strong demand for AI-related technologies.
Experts believe that Nvidia will remain on top of the AI chip market and expect sales to grow even more, some estimating it to hit USD 130.6 billion by FY 2025. This optimism is premised on the projected compound annual growth rate of the AI industry at 42% in the next ten years.
In summary, as Nvidia's stock climbs and investor enthusiasm grows, all eyes are on whether it will soon unseat Apple as the most valuable company globally—a testament to the transformative power of AI technology in shaping the future of business and investment.
Delhi-NCR AQI worsens to 'poor' category for 3rd day in a row, GRAP Stage-1 imposed
Actors playing Ram-Ravan beat each other on stage during Ramleela, watch viral video
Manu Bhaker gives BIG UPDATE on her comeback plan, says she will be back for training in...
Meet woman who heads 130-year-old company with market cap of Rs 13488 crore, she is Ratan Tata's...
This company could soon beat Apple to become world's most valuable firm, its market value is Rs...
Mukesh Ambani was inspired by THIS film to study chemical engineering, he left IIT Bombay for...
EC to announce Maharashtra, Jharkhand Assembly Election schedule today
Niira Radia heaps praise on Noel Tata as he succeeds Ratan Tata at Tata Trusts, says...
Fakhar Zaman's latest post on Virat Kohli lands him in trouble, this is what he said...
South India Rains: Heavy rainfall alert for Kerala, Tamil Nadu, Karnataka, know IMD update
Instagram wants dialogue writer to be nominated for Oscars as old clip from THIS film goes viral
BTS' RM aggressively reacts after Jimin scammed by comedian Lee Jin Ho: 'So many b*stards in..'
Meet Indian genius, Oxford graduate, who worked with NASA on Rs 73700 crore project, she is from…
Meet woman, who cracked UPSC exam at first attempt with AIR 87, chose this service over IAS
Shah Rukh Khan's mentor Eric D'Souza passes away, actor said he is 'the only man in the world...'
DNA TV Show: Does Lawrence Bishnoi want to become the king of Mumbai's underworld?
BCCI scraps Impact Player rule from THIS major tournament after retaining it for IPL
PAK vs NZ: India knocked out of Women's T20 World Cup after New Zealand beat Pakistan by 54 runs
Air Pollution: GRAP Stage-I imposed across Delhi NCR, here are do's, don'ts to follow
What is Lawrence Bishnoi's sheild? How his gang claims high-profile targets across India?
Delhi Air Pollution: Govt imposes GRAP Stage-I across NCR as air quality remains 'poor'
India to withdraw high commissioner from Canada, expels 6 Canadian diplomats
Comedy Nights with Kapil-fame Marathi actor Atul Parchure passes away at 57
Jammu and Kashmir: Omar Abdullah to take oath as CM on THIS date
Mukesh Ambani led Reliance Industries' net profit slips by 5% to Rs 16563 crore due to...
Mukesh Ambani's Jio Platforms partners with THIS company, set to offer...
Blending tradition and innovation, Nisschal Zaveri reimagines ghazal music
This is world’s largest cargo plane, can carry a maximum payload of 51000 kg, its size is…
Gautam Adani’s Rs 36979734000 project in Sri Lanka faces BIG risk as new govt to...
Hyundai Motor India IPO opens tomorrow;10 points to know
What is 'Dabba Calling' technique, which Lawrence Bishnoi use to run his gang from jail?
Sylvi Diwali Delights Sale: Brings Luxury Wristwatches at Exclusively Festive Prices
The SEO Expert's Take: Alekh Verma On The Latest Google Trends
Mumbai: CM Eknath Shinde's big move, no toll tax for THESE vehicles at all 5 toll plazas
Even as Giant ‘Chopsticks’ Snag Starship’s Booster: Beginning of new era in rocket recovery
Meet man who left high-paying job at Google, scored highest marks in UPSC history, serves as...
Reliance, Adani, Tata's big move: These among other companies to invest Rs 6,72,43,36,00,00,000 in…
5 companies that made Gautam Adani a billionaire
SBI Card, ICICI Bank, HDFC Bank make big changes to credit card rules, know details here
7th Pay Commission BIG update: DA hike before Diwali? Here’s what we know
Meet Arshia Siddique, murdered NCP leader Baba Siddique's daughter, doctor by profession, is also...
Air Hostess opens up about the 'dark side' of flights, shares SHOCKING details
Narayana Murthy's Infosys earned Rs 6913 crore in just 5 days from...
Delhi Air Pollution: AQI turns 'poor' after festive celebrations, know when will it improve
Meet woman, former model who left Rs 18 lakh job, now runs business worth Rs 30000000 , she is...
Former Maharashtra CM Uddhav Thackeray admitted to HN Reliance Hospital
NASA set to launch Europa Clipper mission to Jupiter today, here's all you need to know
Delhi govt imposes ban on firecrackers till January 1 to combat air pollution
'Rs 20 Crore Toh Rakhna Padega': Ashwin's reply to fan who wants this player in RCB
26 poorest countries in debt since 2006, financial shape increasingly vulnerable: World Bank
WhatsApp New Updates: Know all about creating call links, Imagine feature
Why Jimmy Tata was not chosen to succeed Ratan Tata’s legacy?
Is Ranbir Kapoor getting married again? Well, there's a twist
Egg vs Chicken: Evolutionary science reveals what came first
Meet man whose father is among India's richest, manages operations of India's largest...
Scientists claim 2 people communicated in their dreams in world first
Prime Minister Internship Scheme: Over 9000 opportunities from these TOP companies
After Air India, Mumbai-bound IndiGo flight gets bomb threat