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Nvidia sees its market value soar in the last month, In the last month, Nvidia’s market value has been boosted by the appreciation of the highest technology AI chips available, as well as controlling 80% of this product’s supply, whose centrality in the development of the technology of the moment, Artificial Intelligence, has catapulted the company leader in production in reference indices such as the S&P 500.

Nvidia’s market value is currently $2.38 trillion, placing it close to Apple, which has around $230 billion ahead of it, and Microsoft, which has around $645 billion ahead of Nvidia.


Nvidia office in Santa Clara, California (Photo: reproduction/coolcaesar/Wikipedia)


Nvidia’s high valuation

With a chance of overtaking other technology giants such as Apple, Nvidia has become the most attractive company for investors following the explosion of AI developments around the world, for which Nvidia chips are needed.

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According to David Wagner, portfolio manager at Aptus Capital Advisors, “Nvidia is indeed the cheapest ‘AI narrative’ stock out there. We continue to believe that in five or ten years we will all be talking about an industry that is much larger than the numbers being considered today”. It was not without reason that Nvidia replaced Tesla as the most traded stock on Wall Street.

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Another analyst, Richard Meckler, partner at Cherry Lane Investments, says the company “is also finding strong speculative support as a favorite among long option buyers, who have seen an almost straight rally through 2024”.

Apple on the opposite path

Apple, in turn, is not going through a good time. No longer the most valuable company in the US this year for the first time since 2021, losing to Microsoft, it is now also threatened by Nvidia.

With difficulties in increasing its smartphone sales in the Chinese and American markets, the company has been focusing on incorporating AI into its new generation devices, but competition for markets around the world is intensifying with the market strategies of Samsung and Xiaomi.

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Featured Photo: Nvidia Office in Israel (reproduction/Amir Shtanger/Wikipedia)

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