Which Will Win the Race to $5 Trillion: Apple or Nvidia Stock?
Although the world has never seen a $5 trillion company, there is a competitive race between Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA). Apple has a large lead with its $3.6 trillion market cap, but Nvidia isn't far behind with a $3 trillion market cap. While those figures may sound close, the gap between the two is equivalent to around the entire valuation of Netflix, Home Depot, or Johnson & Johnson.Is Apple's leadership position too far ahead for Nvidia to close the gap? Or is Nvidia primed to beat Apple to this milestone?Because of their sheer size, everyone is fairly familiar with Apple's and Nvidia's businesses. Apple is the premier consumer tech brand, with its product ecosystem headed up by the iPhone. Nvidia manufactures graphics processing units (GPUs), which are in huge demand thanks to the artificial intelligence (AI) arms race.Continue reading
Although the world has never seen a $5 trillion company, there is a competitive race between Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA). Apple has a large lead with its $3.6 trillion market cap, but Nvidia isn't far behind with a $3 trillion market cap. While those figures may sound close, the gap between the two is equivalent to around the entire valuation of Netflix, Home Depot, or Johnson & Johnson.
Is Apple's leadership position too far ahead for Nvidia to close the gap? Or is Nvidia primed to beat Apple to this milestone?
Because of their sheer size, everyone is fairly familiar with Apple's and Nvidia's businesses. Apple is the premier consumer tech brand, with its product ecosystem headed up by the iPhone. Nvidia manufactures graphics processing units (GPUs), which are in huge demand thanks to the artificial intelligence (AI) arms race.
