Nvidia Close To Surpass Apple As Second Most Valuable Company In The World
- Written by Andrea Miliani Former Tech News Expert
- Fact-Checked by Justyn Newman Former Lead Cybersecurity Editor
The American multinational corporation Nvidia is about to surpass Apple Inc. as the second most valuable company in the Wall Street market and the world.
According to Reuters , Nvidia has nearly tripled its value during the past year and has now reached $2.68 trillion. Considering its trend, it could soon dethrone Apple in the market ranking—worth $2.92 trillion at the moment—in what would be a historic event.
“It is certainly notable because Apple has been so dominant for so long, especially on the growth and innovation front. Recently though, Apple’s innovation curve seems to have flattened, showing slower future growth,” said client portfolio manager at Zacks Investment Management Brian Mulberry.
“Nvidia has been able to catch wave upon wave of growth. Beginning with gaming demand, then crypto, and now AI, they have been able to perfectly match innovation with demand and that equals explosive growth,” added Mulberry.
According to Market Watch , Nvidia hasn’t been this close to Apple’s market value since 2009. Microsoft remains at the top of the ranking since it surpassed Apple earlier this year, after crossing the $3 trillion milestone .
Nvidia has been developing affordable products like next-gen AI chips and expanding services at a fast pace, with an increasing focus on AI technologies.
Jensen Huang, NVIDIA founder and CEO, recently confirmed the company’s commitment to building AI products and seeking opportunities for growth at the COMPUTEX technology conference in Taipei this week.
“With our innovations in AI and accelerated computing, we’re pushing the boundaries of what’s possible and driving the next wave of technological advancement,” said Huang.
Apple Partners With OpenAI And Brings New AI Upgrades
- Written by Andrea Miliani Former Tech News Expert
Apple is bringing new AI features to its operating systems iOS 18 and macOS 15, including a new upgrade to Siri.
According to Bloomberg , Apple is preparing a wide variety of big AI-related announcements for its upcoming Worldwide Developers Conference (WWDC), taking place June 10 to June 14. The conference follows leading competitors Google and OpenAI’s demonstrations of their new AI developments .
However, Apple will not launch a new chatbot model like the other tech giants. Instead, the company has recently partnered with OpenAI to integrate the AI Assistants into iOS 18. More details on this new alliance could be revealed during the event.
As reported by Bloomberg, Apple will highlight a new upgrade for Siri, the company’s personal assistant since 2011, focusing on day-to-day tasks. Users will be able to communicate better with the assistant as the company has implemented more natural-sounding interactions and the ability to control apps with voice commands.
Among the new AI features, part of Project Greymatter, Apple will add options like transcribing voice memos, improving Safari web search, retouching photos, enhancing notifications, tools for developers, emailing predetermined answers, and creating custom emojis based on what users write. The latest is a fun AI feature that other companies like Slack have been developing as well .
The new features will be available on millions of Apple devices—iPads, iPhones, and recent Mac chips—that can update to the new operating systems later this year. However, certain tasks will be handled through the Cloud, only powered by the M2 Ultra, one of the company’s latest chip generations.
At the WWDC, Apple should provide more details about the new AI features, impress users and investors, and address security concerns. The new alliance with OpenAI will give the company an advantage against other competitors but also raise concerns about security and privacy. The company has high stakes and should offer a promising event next Monday.
