Nvidia likely to replace Apple as the second most valued company

New Delhi: In a major development in the tech world, software giant NVIDIA could potentially overtake Apple to become the second-most valued company in the world after Microsoft.

在十九世纪 90 年代末期
Nikola Tesla 发明了交流发电机
而 Nvidia 现在发明了 AI 发电机
交流发电机生成 – 电子
AI 发电机生成的是 – Token
这两样东西都有巨大的市场机会
Token 几乎可以应用于每个行业
这就是为什么这是一场新的工业革命

黄老板在台北 Computex 2024 上宣布了 Nvidia… pic.twitter.com/RPg7a3cRep

— indigo (@indigo11) June 3, 2024

Interestingly, NVIDIA is also the fastest company to leapfrog from $ 1 trillion to $ 2 trillion. In the process, it overtook Amazon, Alphabet (Google) and Saudi Aramco. One of the major boosts to NVIDIA has been the AI boom which has taken over the tech market. OpenAI’s ChatGPT and its market revolution has been a financial boom for NVIDIA.

In a surprise move, CEO Jensen Huang on Sunday announced ‘Rubin’, the successor to Nvidia’s ‘Blackwell’ chips for data centres, which are currently in production https://t.co/JeuAhC5d05 pic.twitter.com/wEgtYFp3Og

— Financial Times (@FT) June 3, 2024

Most of the functionalities of these AI-driven software work best on the high-end chips of NVIDIA. Naturally, the company has milked a reported $ 2.68 trillion over the last year. On the other hand, the semiconductor company is listed on the S&P 500 and the Nasdaq due to which the US stocks of the company have skyrocketed over the past 1 year.

Is Apple spiralling down in the competition?

While things look fine in NVIDIA, the Californian-based tech giant Apple faces an unprecedented downward trajectory in the technology world. Brian Mulberry who is a client portfolio manager at Zacks Investment Management notices this drastic fall and reports, “It is certainly notable because Apple has been so dominant for so long…”

$NVDA has reduced the computational cost for datacenter-scale AI by 350X over the last 8 years

Tell me again why Nvidia’s customers will suddenly stop wanting these chips? pic.twitter.com/u0lBQ2ioeB

— Alex (@TickerSymbolYOU) June 2, 2024

Apple traded off its No. 1 spot as the most-valued company to Microsoft earlier this year. Experts predict that the fall in Apple’s market size is marked by a drastic decrease in the demand for iPhones around the world. The last valuation of the company was at $ 2.92 trillion which has slumped to $ 2.68 trillion.

However, with the introduction of iOS 18 which is set to launch on June 10 and the coming of a brand new line of smartphones- the iPhone 16, can the fortunes of the tech giants change?

Which are the top 10 most valued companies in the world?