Nvidia could soon dethrone Apple as the second-most-valuable global company by market cap.

The chipmakers graphics processing units (GPUs) are crucial hardware required to power AI applications.

Nvidia said last week that demand for its H200 and Blackwell chips exceeds supply.

A sign is posted in front of Nvidia headquarters on May 21, 2024 in Santa Clara, California.

A sign is posted in front of Nvidia headquarters on May 21, 2024 in Santa Clara, California.Photo: Justin Sullivan (Getty Images)

Apple, on the other hand, has had a relatively rocky 2024.

Between regulatory scrutiny and slumping iPhone sales abroad, Apple shares havent made Nvidia-style gains by a long shot.

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Two banks say Amazon has paused negotiations on some international data centers.

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U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC.

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U.S. President Donald Trump speaks to the media during a guided tour of the John F. Kennedy Center for the Performing Arts before leading a board meeting on March 17, 2025 in Washington, DC.

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An image of a hand holding a black vape with a vibrant blue chamber where you can faintly see a laser.

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