Nvidia expected to surpass Apple as the world’s second-most valuable company

Nvidia is set to surpass Apple as the world’s second-most valuable company, thanks to the rapid adoption of AI applications that heavily rely on Nvidia’s high-end chips. Nvidia’s stock has nearly tripled in value over the past year, reaching a $2.68 trillion market cap, while Apple has grappled with weak iPhone demand and competition, slipping to third place with a $2.92 trillion valuation. Nvidia’s ability to capitalize on growth waves like gaming, crypto, and now AI has fueled its explosive growth, positioning it as a pivotal driver of the U.S. stock market’s record highs. Image: Reuters