Apple (NASDAQ: AAPL) became the first publicly traded company to hit a $1 trillion market cap in summer 2018. As of 2023, the global artificial intelligence (AI) market was valued at approximately $189 billion and is projected to grow to nearly $5 trillion by 2033, indicating a significant investment opportunity.
Nvidia (NASDAQ: NVDA), with a current market cap of $3.5 trillion, is positioned as a leader in the AI sector, holding an estimated 90% market share in graphics processing units (GPUs) essential for AI operations. Analysts suggest Nvidia could be the first stock to reach a $10 trillion market cap, driven by expected annual growth of 30% in the AI market over the next decade.
Key data includes Nvidia’s dominance in the GPU market, which is crucial for AI model training and execution, and the predicted growth trajectory of the AI sector, mirroring past technology adoption patterns.
