According to Wedbush analyst Dan Ives, Nvidia’s stock could potentially surpass Apple to become the second most valuable company globally by 2024, trailing only Saudi Aramco. Ives believes that Nvidia’s dominance in artificial intelligence (AI) and the company’s ability to capitalize on the AI boom will drive its market capitalization to over $3 trillion within the next 18 months. The analyst cites Nvidia’s leadership in AI chips, which are crucial for powering large language models and generative AI applications, as a key factor fueling its growth. Ives predicts that Nvidia’s AI business could generate $180 billion in revenue by 2027, driven by demand from cloud providers, enterprises, and consumer applications. The company’s strong position in the AI market, coupled with its expanding product portfolio and strategic partnerships, positions it for continued success in the rapidly evolving AI landscape.