Can Nvidia Rally 21% and Surpass Apple to Become the Second Most Valuable "Magnificent Seven" Stock?
March 8 was a wild day in the stock market. Shares of Nvidia (NASDAQ: NVDA) surged to an all-time high of $974 only to fall over 10% from that high to end the day at $875.28. At the peak, Nvidia was less than 9% away from surpassing (NASDAQ: AAPL) in market cap. By close, it was a little over 20% away.
Given Nvidia's big swings, it seems like the stock could very well surpass Apple to become the second most valuable "Magnificent Seven" stock behind Microsoft. Here's why Nvidia could keep outperforming Apple in the short term, but why Apple is the better long-term buy.
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Source Fool.com
Apple Inc. Stock
€169.88
-0.720%
Currently there is a rather positive sentiment for Apple Inc. with 78 Buy predictions and 6 Sell predictions.
With a target price of 199 € there is a slightly positive potential of 17.14% for Apple Inc. compared to the current price of 169.88 €.
