The Rise of Nvidia: A Look at How AI Could Catapult It to the Top
Tuesday, 19 March 2024, 14:07
Why Nvidia's AI Dominance Matters
Nvidia: The Future Market Leader
You don't need a crystal ball to see that Nvidia is rapidly closing the gap on Microsoft and Apple. Let's cut right to the chase: Nvidia is on track to become the world's largest company. Think that's going too far? I don't. Here's why.
- It's already the world's third-largest company
- As of this writing, Nvidia has a market cap of $2.2 trillion, making it the third-largest American company, behind only Microsoft and Apple.
- That puts it 'only' $500 billion behind Apple and about $1 trillion behind Microsoft. To put it another way, Nvidia could surpass Apple if its stock were to rally by 23%; it could pass Microsoft if it rallied by 46%.
Why Nvidia could top Microsoft and Apple
Why do I think this will happen? Two words come to mind: Artificial Intelligence (AI). In short, the world has gone head-over-heels for AI.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.