Nvidia Surpasses Apple in Market Capitalization

Nvidia has increased its stake in Arm Holdings, with the investment now valued at over $280 million, reflecting Arm's stock surge due to anticipated AI benefits. Despite Nvidia's massive share price increase following the AI boom, Ken Griffin's Citadel has reduced its Nvidia holdings significantly while increasing investment in Amazon, showing confidence in Amazon's growth potential. Nvidia continues to dominate the AI GPU market, countering potential threats from custom chips developed by companies like Amazon and Alphabet. Nvidia's CEO Jensen Huang expressed regret over not accepting SoftBank's past offer to aid in acquiring the company entirely, highlighting Nvidia's impressive growth trajectory. The company's market capitalization has recently surpassed Apple in the Nasdaq index, underscoring its pivotal role in AI technology advancements. Wall Street analysts remain optimistic about Arm's potential, though the stock is considered relatively expensive at current valuations.