Nvidia market cap is within striking distance of Apple’s valuation

Nvidia has emerged as the new star in the global investment arena, dazzling investors with its remarkable performance. Following Elon Musk’s statement that his AI firm, xAI, would need 100,000 semiconductors from Nvidia to build a supercomputer, the company’s shares shot to new heights. This increase demonstrates Nvidia’s pivotal role in the developing AI sector.

Joining the elite club of US companies with market caps exceeding $1 trillion, Nvidia now stands shoulder to shoulder with tech giants like Microsoft, Apple, Alphabet, Amazon, and Meta Platforms. With a market capitalization of $2.87 trillion, Nvidia is closing in on Apple, which is ahead with $2.91 trillion valuation. Microsoft tops the list with an impressive $3.19 trillion market cap, while Meta, at the bottom, is valued at $1.20 trillion.