Apple is closing the gap on Nvidia as it nears a $5 trillion market cap, fueled by strong iPhone 18 sales and the highly anticipated October launch of its first foldable handset.
Article predicts Apple's foldable iPhone Duo will be a hit, driving revenue growth and a potential $5 trillion market cap.
Apple is closing the gap on Nvidia's market cap, with Nvidia stock up 26% over the past year and expected to be joined by Apple in the $5 trillion club.
Apple shares have surged over 40% in the past year, positioning the tech giant to challenge Nvidia for the title of the world's most valuable company. With the upcoming launch of the $1,999 foldable iPhone Duo, analysts project back-to-back years of double-digit revenue growth, a feat not seen since 2012.
The iPhone Duo is Apple's first foldable smartphone, priced at $1,999, which analysts believe will drive double-digit revenue growth for a second consecutive year.
Apple is currently within 10% of Nvidia's market cap, with both companies vying for the top spot in the $5 trillion valuation club.