i_SVG Created with Sketch.

Capital Markets Elite Group is not a registered U.S. broker-dealer. It does not accept a U.S. Person as a client if that person was solicited by Capital Markets Elite Group. (The definition of “U.S. Person” is here.) Capital Markets Elite Group will rely on a certification from a potential customer that the potential customer either is not a U.S. Person or has not been solicited, directly or indirectly, by Capital Markets Elite Group and has not been induced by Capital Markets Elite Group to engage in securities transactions. In particular, they must certify that they were directed to this website by someone other than Capital Markets Elite Group. They must also certify that they understand that they will not be protected by U.S. laws, regulations and supervisory structures applicable to broker-dealers registered in the U.S. and they do not expect such protections to apply. You should give these certifications only if they are true. If you wish to proceed to the website knowing that, please click “Continue” below. Otherwise click “Leave Website”

Leave Website
Cash Back Promotion for the period 16th September 2024 - 15th December 2024. Click here for Terms and Conditions.

Level Up to $0 Commission Promotion for the period 16th September 2024 - 15th December 2024. Click here for Terms and Conditions.
Start Trading
Equities and ETFsOptions
CAP it ALLDAS Trader ProSterling Trader ProCompare Platforms
Pricing StructureEquities and ETFsOptionsMarket DataTrade Ideas Bundles
About UsTrends and InsightsContact UsFAQs
Start Trading Login
Will Nvidia Surpass Apple

Will Nvidia Surpass Apple? The Stock Is Climbing Higher!

Oct 14, 2024 | About 3 Minutes

Nvidia’s stock is nearing a new all-time high, with shares rising 3.2% to $139.02 in early trading, while the Nasdaq Composite increased by 1%. The previous record closing price for Nvidia was $135.58 on June 18, following a stock split. If this upward trend continues, Nvidia could potentially overtake Apple as the world’s most valuable company. Currently, Nvidia’s market valuation is $3.31 trillion, compared to Apple’s $3.46 trillion.

The demand for AI and advanced semiconductors has driven Nvidia’s stock up by 172% this year, significantly outpacing the approximately 22% gains seen in both the S&P 500 and Nasdaq indices. For the second quarter ending in June, Nvidia reported sales of $30 billion, marking a remarkable 122% year-over-year increase. Despite some skepticism about the AI hype, analysts remain largely positive, with about 93% rating the stock as a Buy according to FactSet data.

In a recent interview on the BG2Pod podcast, CEO Jensen Huang expressed confidence in continued growth, stating that the entire computing technology stack is being reinvented. He highlighted a shift in global investment from traditional CPUs to GPUs optimized for parallel computations essential for AI workloads. Huang believes this transformation, involving roughly one-sixth ($150 billion) of the market, will evolve into a trillion-dollar industry within five years.

Supporting this optimistic outlook, Melius analyst Ben Reitzes maintains a Buy rating on Nvidia, considering his target price of $165 conservative. He cites Nvidia’s strong infrastructure, from major cloud providers to smaller entities, and its rapid monetization capabilities, which consistently impress investors, especially when compared to industry giants like Apple or Meta Platforms.

This content is provided for general information purposes only and is not to be taken as investment advice nor as a recommendation for any security, investment strategy or investment account.