Nvidia Surpasses Apple as World's Largest Company, Trades at Discount

Nvidia has surpassed Apple as the world's largest company by market cap, with a valuation of approximately $5.4 trillion compared to Apple's $5 trillion.

Apple's revenue grew at a 16% year-over-year pace in its most recent quarter, but Nvidia's growth rate is expected to blow Apple away over the next year, with a projected 70% revenue growth forecast for next year.

Nvidia's rapid growth can be attributed to its dominance in semiconductor GPUs, which are in high demand and short supply due to the artificial intelligence build-out.

The price-to-earnings ratio suggests that Nvidia trades at a significant discount to Apple, making it a more attractive investment option for those seeking maximum returns.