World's No. 1: Nvidia overtakes Apple? – Less than $1 separates the tech heavyweights

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World's No. 1: Nvidia overtakes Apple? – Less than $1 separates the tech heavyweights

World's No. 1: Nvidia overtakes Apple? – Less than $1 separates the tech heavyweights

The company's shares have risen 40 percent over the past three months, marking a strong recovery after the worst concerns about the tariffs were overcome in the broader market.

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CEO Jensen Huang warned in May that chip export restrictions to China could reduce the company's revenue by $15 billion. But investors are now betting on rising demand for artificial intelligence to further drive the company's growth.

The stock is currently just one step away from reaching two important milestones. If the stock closes the trading day at or above $160.46, Nvidia would surpass Apple's record $3.915 trillion market capitalization at the end of December. If the stock reaches $163.93 or more, Nvidia would become the first company ever to reach a $4 trillion valuation.

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