Nvidia Hit a Record High, But Can It Surpass Apple to Become the Biggest Company Again?

Nvidia (NVDA) stock hit a record high on Tuesday, and finally surpassed the previous all-time high that it set in June. However, NVDA closed slightly in the red yesterday, as it could not hold on to its intraday highs. Based on yesterday’s closing prices, Nvidia had a market cap of $3.5 trillion, which is only a touch short of Apple’s (AAPL) $3.6 trillion market cap. Can NVDA become the biggest company in the world in Q4 as analysts turn incrementally more bullish on the Jensen Huang-led company?

It Has Been a Game of Musical Chairs at the Top