Nvidia Surpasses Apple in Market Cap
Nvidia surpassed Apple in market cap, becoming the second most valuable public company, with a $3 trillion market cap milestone. Nvidia's growth is driven by AI chip sales to data centers, while Apple faces challenges with slowing sales. Nvidia's stock has risen significantly in recent years, fueled by its AI business.
Key Points
- Nvidia's market cap surpasses Apple, now the second most valuable company
- Nvidia's AI business growth drives stock performance
- Apple's sales growth stalls, facing strategic challenges
Pros
- Nvidia becomes the second most valuable public company
- Strong growth driven by AI chip sales to data centers
- Market cap milestone of $3 trillion
Cons
- Apple facing challenges with slowing sales growth
- Apple loses its title as the most valuable U.S. company