Apple's Market Cap Undermined by Chipmaker

This is a news story, published by Yahoo Finance, that relates primarily to Apple news.

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Prediction: 1 Stock That'll Be Worth More Than Apple a Year From Now

Summary

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79% Informative

Apple is the largest company in the world with a market cap of $3.1 trillion , reaching this position thanks to robust demand for its consumer electronics products such as the iPhone , MacBooks , and iPads .

However, the past few years haven't been all that great for Apple , as its largest product by revenue -- the iPhone -- has stagnated in terms of sales.

The booming demand for artificial intelligence (AI) hardware has helped this chipmaker deliver outstanding growth.

Nvidia 's 12-month median price target of $ 160 points toward potential gains of 47% in the next year .

Investors can buy Nvidia at 24.8 times forward earnings right now, which is cheaper than Apple 's forward earnings multiple of 28.7 .

The healthy state of the AI chip market as compared to the potential decline in the smartphone market are the reasons why Nvidia could become a bigger company than Apple in the next year .

Don’t miss this second chance at a potentially lucrative opportunity.

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informal

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English

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