Analyst: Nvidia may soon replace Apple as the world's second-largest company.

After NVIDIA's 5.6% increase on Tuesday, its market value has now rebounded to over 3.1 trillion US dollars. The company's stock price has risen by 38% since its low point in April, while Apple's stock price has risen by 23%. Jessica Amir, market strategist at Moomoo Australia, said that at this rate, NVIDIA could soon surpass Apple to become the world's second largest company. She stated that NVIDIA only needs to increase its market value by another 11 billion US dollars to achieve this goal. Amir added that at that point, the company may challenge Microsoft to reclaim the top spot in global market value. The strategist further noted that NVIDIA has even more room to grow, as the US is considering a deal that would allow the United Arab Emirates to import over one million NVIDIA chips, while major tech companies in the S&P 500 index have also reaffirmed their intent to increase procurement.