Upon the closure of the U.S. stock market on Tuesday, NVIDIA (NVDA.US), acclaimed by Goldman Sachs as the preeminent entity in the AI chip sector, has exceeded the total market value of consumer electronics giant Apple Inc. (AAPL.US), thus reclaiming the prestigious title of the "world's highest market value company." This achievement underscores the unparalleled dominance of the immensely popular investment theme of "artificial intelligence" in both Wall Street and global stock markets.

Based on the most recent market data available at the time of drafting, NVIDIA's (NVDA.US) market value reached approximately $3.46 trillion on November 5th, while Apple's (AAPL.US) market value stood at $3.38 trillion. Once again, NVIDIA has surpassed Apple to become the world's highest market value company. This shift reflects the market's optimistic outlook on NVIDIA's strong demand and growth potential in the field of AI technology. Moreover, NVIDIA's stock price rose by 2.84% in the day's trading, whereas Apple's stock price only increased by 0.65%.

The growth in NVIDIA's market value can be attributed to its leading position in the AI chip market. With major tech companies such as Meta and Alphabet increasing their investments in AI products, NVIDIA's chip demand has surged, propelling its revenue and stock price to historic highs. Additionally, NVIDIA CEO Jensen Huang recently announced that design flaws in the Blackwell architecture chip have been rectified, with shipments scheduled for the fourth quarter. This news undoubtedly enhances market confidence in NVIDIA's future growth. Analysts predict that with these major tech companies continuing to increase investments in AI infrastructure, NVIDIA's revenue and profits are expected to continue growing over the next two years.

Furthermore, NVIDIA's market value growth has also been driven by its stock split plan. The company implemented a ten-to-one stock split on June 7th of this year, thereby increasing its appeal to individual investors.

Meanwhile, Apple is grappling with sluggish iPhone demand and formidable competition in the Chinese domestic smartphone market. Some investors believe that compared to other tech giants, Apple has been relatively slow in integrating AI capabilities into its products and services.

Despite Apple's financial performance remaining more robust than NVIDIA's, with projected revenue and net profits far exceeding those of NVIDIA, analysts anticipate that NVIDIA's growth momentum will persist. According to analyst expectations compiled by institutions, analysts widely forecast that NVIDIA's revenue for this fiscal year will more than double and increase by an additional 44% in the next fiscal year, with projected profits in 2026 slightly below those of Apple. It is notable that Wall Street analysts have consistently raised their revenue and earnings per share expectations for NVIDIA over the past quarter.

NVIDIA's market value growth also reflects the market's optimistic expectations for the future development of AI technology. As AI applications become increasingly widespread across various industries, NVIDIA, as a primary supplier of AI chips, has garnered full market recognition for its market position and growth potential. As NVIDIA continues to drive the advancement of AI technology, its market value is poised to maintain its global leadership position.

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