Nvidia Closing In on $2 Trillion Value, Challenging Apple's Spot as World's Most Valuable Company
• Nvidia on the verge of overtaking Apple as the second-most-valuable company, with market cap over $2 trillion • Nvidia shares have rallied 95% this year due to strong demand for its AI and data center chips • Nvidia controls 80% of high-end AI chip market and over 5% of S&P 500 index • Nvidia has outperformed other "Magnificent 7" tech stocks like Meta Platforms • Signs emerging that Nvidia stock may be nearing a peak, with analyst targets below current prices