Nvidia closes the gap to Apple with market value surge

Nvidia's meteoric rise in the stock market saw shares soaring 6%, propelling the AI chipmaker to within $100 billion of dethroning Apple as Wall Street's second-most valuable company. With its market cap hitting $2.8 trillion, Nvidia's bullish trajectory seems unstoppable, fueled by robust revenue forecasts and a stock split announcement. As tech giants fiercely compete for Nvidia's cutting-edge chips to dominate AI computing, investors eagerly ride the wave of Nvidia's staggering growth, while Apple grapples with market challenges.

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By Zaheer Kachwala

Nvidia's shares rallied around 6% to hit a record high on Tuesday, leaving the AI chipmaker's stock market value about $100 billion away from overtaking Apple in a major reshuffle of Wall street's biggest players.

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