Nvidia (NASDAQ: NVDA) entered the $1 trillion market cap club this year thanks to a red-hot run in the stock market fueled by super high demand for its graphics processing units (GPUs) for training artificial intelligence (AI) models. Share prices of Nvidia have surged 226% in 2023. It now has a market cap of $1.2 trillion, which makes it the sixth-largest company in the world.

(NASDAQ: AAPL) remains the world's most valuable company with a market cap of nearly $3.1 trillion, but there is a good chance that Nvidia could dethrone the iPhone maker by the end of the decade. Let's see why.

Over the past seven years, Nvidia's market cap has jumped an astonishing 2,300%, which is significantly higher than Apple's growth of just over 400% during the same period.

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Source Fool.com