Nvidia, a leading GPU manufacturer, is drawing attention and potentially threatening Apple’s tech industry supremacy due to its recent technological breakthroughs. Notably, these advancements include the launch of the new RTX Blackwell series and Nvidia’s foray into the automotive sector. Consequently, investor enthusiasm towards Nvidia stock has significantly increased. This bullish sentiment led to a 4% rise in NVDA’s share price on Monday, pushing it up to $149.43. This impressive growth in market capitalization is making waves and challenging Apple’s dominance.
Here’s Why Nvidia Stock Price Is Rising
At CES 2025, Nvidia made headlines with significant advancements in AI and GPU chip manufacturing. The GPU titan introduced the GeForce RTX 50 series, a card touted as surpassing the performance of the RTX 4090, emulating its Blackwell architecture to begin the year. This innovation represents a major milestone for the company.
As a researcher, I was thrilled to witness Nvidia’s unveiling of ‘DIGITS,’ their personal AI supercomputer, at CES 2025, which is powered by their GB10 super chip. This announcement, along with other AI-focused product launches, seems to have significantly boosted the market’s optimism towards Nvidia stock.
At the same time, Jensen Huang, CEO of the AI titan, has expressed significant enthusiasm about the potential success of robotaxis and the self-driving automotive sector, causing another wave of excitement in the market. Interestingly, Huang foresees this field as the genesis of the first multi-trillion dollar robotic industry.
The initial announcement significantly strengthened the company’s future prospects, while the keynote speech at CES 2025 unveiled that the AI chip maker has plans to partner with automotive giants like Tesla, Mercedes, Toyota, Volvo, and numerous others for their upcoming projects in the auto industry.
In summary, due to recent progress, there is a strong, optimistic feeling among traders and investors about the potential performance of Nvidia’s stock.
Apple Dominance Under Threat?
Additionally, it’s important to mention that Nvidia’s (NVDA) market value is once more approaching Apple’s (AAPL) after surpassing it the last year. As of the reporting date, Nvidia’s market cap was estimated at $3.65 trillion, narrowly trailing Apple’s $3.70 trillion.
The increasing market worth of the company is a testament to its significant recent milestones. Earlier reports by CoinGape suggested that NVDA’s stock price could surpass AAPL by 2025. Additionally, other AI-related stocks like Alphabet, Google, and Meta Platforms also show potential for similar growth in the future.
As a researcher, I’d like to highlight an interesting observation: The Apple (AAPL) stock price surged to approximately $245 today, representing a nearly 2% increase in intraday trading. Market observers are drawing comparisons between the stock prices as broader events continue to unfold, influencing investor sentiments.
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2025-01-07 13:19