AI technology is growing rapidly and in this race, Nvidia is far ahead of other tech companies like Alphabet, Microsoft, Amazon, etc.
Nvidia vs Apple: The giant chip company Nvidia once
iPhone has threatened Apple's throne. Apple is the world's largest company in terms of market cap but on October 14, the rise in Nvidia's shares worsened its condition. Nvidia's shares closed at $138.07 on NASDAQ with a gain of 2.43 percent on October 14 but in intra-day it reached a price of $138.57 which is just a little away from its record intra-day high of $140.76. Apple's shares closed at $231.30 with a gain of 1.65 percent and its record high is $237.23. Nvidia's market cap is $3.386 trillion while Apple's market cap is $3.516 trillion. Microsoft is at the third place whose market cap is $3.115 trillion.
The reason behind this rapid rise in Nvidia shares?
AI technology is growing rapidly and Nvidia is in this race
Rest of the tech companies are from Alphabet, Microsoft, Amazon etc.
There is a long way to go. Analysts at TD Cowen on Sunday said in their
The report said that most AI companies are not in such an investment environment
are facing a crisis in which everyone has to bear their own expenses
And if they don't do this, their business will suffer a setback.
Chip company Nvidia remains the leader in this matter
And TD Cowen has again raised its target price to $165
Analysts predict that the construction of AI data centers will
Nvidia's annual revenue doubles to 12.6% due to spending on
It could reach a trillion dollar mark. Nvidia's boom has
pushed the S&P500 to a record high. However
Investors are concerned that if spending on technology increases
If there is a slowdown, the enthusiasm for AI may fade.
