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A company that is changing the way the world mines bitcoin

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Market Cap
24h Vol
12450
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Bitcoin Share
CoinGape 2025-01-07 10:08:11

Nvidia Stock Challenges Apple’s Tech Dominance; Why Is NVDA Price Rising?

Nvidia Stock Challenges Apple’s Tech Dominance; Why Is NVDA Price Rising?

The GPU manufacturing giant Nvidia has stolen the spotlight, potentially challenging Apple’s dominance in the tech space, with its recent advancements. Particularly in the wake of the latest developments, such as the new RTX Blackwell series launch and the GPU manufacturer’s entry into the automotive industry, market sentiments surrounding the Nvidia stock have turned highly bullish. As a response, NVDA price soared roughly 4% on Monday to reach $149.43, challenging AAPL’s dominance with a remarkable surge in the stock’s market cap. Here’s Why Nvidia Stock Price Is Rising Nvidia has announced staggering developments at CES 2025, pioneering the AI & GPU chip manufacturing industry. Notably, the GPU manufacturing giant unveiled the GeForce RTX 50 series, a card boasted of outperforming RTX 4090, mirroring its Blackwell architecture as the year kicks off. This development has marked a monumental stride for the company. Further, the AI chip giant also unveiled ‘DIGITS,’ a personal AI supercomputer powered by the GB10 super chip, at CES 2025. Collectively, the launch of the new AI-related products appears to have substantially bolstered the market sentiment for Nvidia stock. Simultaneously, the AI giant’s CEO, Jensen Huang, has conveyed immense optimism over robotaxis and the self-driving automotive industry, sparking another market buzz. Intriguingly, Huang stated, “I predict that this is going to be the first multi-trillion dollar robotics industry.” While this statement already bolstered the firm’s future, the keynote speech at CES 2025 also revealed that the AI chip manufacturer’s upcoming automotive endeavors include collaborations with giants such as Tesla, Mercedes, Toyota, and Volvo, among many other companies. Altogether, in light of the abovementioned advancements, traders and investors are seeing a remarkable, bullish market sentiment prevailing for Nvidia’s stock. Apple Dominance Under Threat? Simultaneously, it’s also noteworthy that NVDA’s market cap is again nearing that of AAPL after overtaking it the previous year. Nvidia’s market cap at the time of reporting was evaluated as $3.65 trillion, inching closer to Apple’s $3.70 trillion. The rising market value reflects the firm’s recent pivotal achievements, with CoinGape previously revealing that the NVDA stock price is poised to overtake AAPL in 2025. Also, some other AI stocks reflect the same potential, including Alphabet, Google, and Meta Platforms. Simultaneously, it’s also noteworthy that the AAPL stock price traded at $245, up nearly 2% intraday. Market watchers continue to compare the stocks’ prices as broader events continue to unfold, impacting investor sentiment. The post Nvidia Stock Challenges Apple’s Tech Dominance; Why Is NVDA Price Rising? appeared first on CoinGape .

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