Nvidia and Microsoft Stocks Have Reached a $4 Trillion Valuation. Is Apple Next?
Nvidia (NASDAQ: NVDA) and (NASDAQ: MSFT) have heralded a new era, creating the $4 trillion stock club. It was only 2023 when (NASDAQ: AAPL) became the first $3 trillion company, and it was also the first $1 trillion company back in 2018, but it has since fallen behind. As Nvidia heads toward a $5 trillion valuation, Apple remains the third-largest company in the world with $3.4 trillion market cap. Can it catch up?
Image source: Getty Images.
Nvidia has had a mind-blowing ascent as the premier designer of the graphics processing units (GPU) that are necessary for generative artificial intelligence (AI). It has evolved from a somewhat obscure chipmaker for the gaming industry into a household name that's associated with the AI revolution.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 107 Buy predictions and 12 Sell predictions.
With a target price of 237 € there is a slightly positive potential of 1.72% for Apple Inc. compared to the current price of 233.0 €.
