NVIDIA just surpassed Apple as the second most valuable company in the world

NVIDIA has reached a historic milestone by surpassing Apple in market value and becoming the second most valuable company in the world, only behind Microsoft. The meteoric rise of the company specializing in AI chips reflects the enormous economic potential of artificial intelligence.

He surprise It has been temporary and Apple has regained second place, but both are already tenths apart and in an exchange of positions.

Because it is important. NVIDIA has become the great benchmark of the AI ​​era by being the main supplier of specialized chips that power this technology.

Its near-monopoly position is allowing it to capture most of the value generated by the explosion of generative AI. Its market capitalization is the best thermometer of the disruptive impact of AI and the expectations it continues to generate for the future.

The figures of a surprise historical. During today’s session, NVIDIA has reached a value of 3.01 billion dollars, surpassing Apple’s 3 billion.

• Its stock soars above $1,221, an all-time high.
• Next June 7th there will be a split 1:10 to facilitate access to small investors.
• So far this year, NVIDIA has appreciated 153.4%.
• Apple only 5.8%.

The power of AI. This change in positions reflects two opposing trends. On the one hand, the unstoppable rise of NVIDIA in the heat of the explosion of generative AI even as fabless. Its income and profits have been skyrocketing for several quarters and breaking records.

On the other hand, the slowdown in Apple’s business, whose latest annual results show a slowdown despite its privileged position. They must be thinking something in Cupertino to try to increase their growth rate again.

The future. There is consensus among analysts on NVIDIA’s revenue projection for fiscal year 2025: around 110 billion dollars. Also about the target price of its share, $1,342 (before the split).

Beyond a financial bet, NVIDIA has become a bet on the future of AI. Apple symbolizes the era of the smartphone and NVIDIA aspires to be the face of Artificial Intelligence. Investors seem to be buying into that view.

With the 3 billion already surpassed in the stock market environment, eyes point towards new psychological barriers: the five and who knows if even the ten billion.

Featured image | NVIDIA, Xataka with Midjourney

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