"Nvidia Surges to Record Highs, Eyes Market Cap Milestone"
TL;DR
Nvidia is on the verge of surpassing Apple as the second-most valuable company in the S&P 500, needing only a 9.5% increase in its stock price to reach a $2.9 trillion market cap. Nvidia's stock has surged 121% this year due to high demand for its AI-capable semiconductors, while Apple's stock has declined by 1%. Analysts predict continued strong growth for Nvidia, potentially pushing it past Apple soon.
- Nvidia's Value Will Pass Apple's The Second This Happens Investor's Business Daily
- Nvidia closes at another record high CNBC
- Where Will Nvidia Stock Be in 1 Year? The Motley Fool
- Nvidia leads global market cap gainers in May with AI-driven rally Yahoo Finance
- After Earnings, Is Nvidia Stock a Buy, Sell, or Fairly Valued? Morningstar
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