Nvidia to be world's second-most valuable company as AI demands grow

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Nvidia to be world's second-most valuable company as AI demands grow

Nvidia is poised to overtake Apple as the world's second-most valuable company due to the increasing demand for AI applications. The company's high-end chips are crucial for virtually all artificial intelligence applications, leading to a significant surge in its stock value over the past year.

Apple, which previously held the top spot, has faced challenges with weakening iPhone demand and tough competition in China, allowing Nvidia to make significant strides in market value. Nvidia's strategic alignment with the growing demand for gaming, crypto, and AI technologies has propelled its explosive growth, outpacing other tech giants like Amazon and Google-parent Alphabet.

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