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NVIDIA's Meteoric Rise: Poised to Overtake Apple in Market Value Showdown

Word on the StreetTuesday, May 13, 2025 9:01 pm ET

1min read

NVIDIA's recent performance in the stock market has captured significant attention, as its value surged by 5.6% on Tuesday, lifting its market capitalization above $3.1 trillion. This rise marks a notable recovery, as its stock has climbed 38% since the lows of April, outpacing Apple's 23% gain over the same period. According to Jessica Amir, a market strategist at Moomoo Australia, at this rate, NVIDIA is poised to surpass Apple and become the world's second-largest company. Amir noted that NVIDIA would only need to increase its market value by an additional $11 billion to achieve this milestone.

This potential shift in rankings highlights NVIDIA's growing influence in the tech industry. Furthermore, Amir suggested that once NVIDIA overtakes Apple, it could set its sights on challenging Microsoft for the top position in global market value. Indications of NVIDIA’s expansive potential are further supported by ongoing discussions in the United States regarding a deal that might allow the United Arab Emirates to import over a million NVIDIA chips. Additionally, major technology companies in the S&P 500 have reaffirmed their intentions to boost purchases of NVIDIA's products, a move that could further bolster the company’s future growth.

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