Apple is the world’s most valuable company, having close to a three trillion dollar market cap. Apple is a well-run company known for its great products, such as the iPhone, iPad, and Mac. Warren Buffet, one of the greatest investors of all time, owns around 5.8% of the company and has said this about Apple: “It happens to be a better business than any we own.” While this is certainly high praise from the Oracle of Omaha, Apple’s growth will slow down. If it continues to grow like it has been, Apple will soon be more valuable than the GDP of Japan, which is implausible.
This is why investors have been looking for the next Apple. They are looking for a company that will grow exponentially and rapidly. In my opinion, that company could be NVIDIA.
NVIDIA stock has skyrocketed because of the hype around AI. Its GPUs are in serious demand because of their capability for complex computations. AI will most likely continue to be integrated into every aspect of our economy, such as healthcare, manufacturing, transportation, etc., and the demand for their GPUs will only increase. NVIDIA is now close to a trillion dollar market cap. It has surpassed revenue and profit estimates by a wide margin. Maybe it will be the next Apple, or maybe it won’t. Only time will tell.