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In a recent CNBC segment, Jim Cramer discussed the potential for Nvidia to surpass Microsoft’s market capitalization. While some on Wall Street may be suspicious of Nvidia’s swift rise to the top, Cramer likened it to Apple dethroning Exxon, highlighting the company’s strategic move that shocked many.
One reason for investor suspicions is the unfamiliarity with Nvidia’s products and offerings. While the chipmaker is well-known in the enterprise sector and among hardcore gamers, mainstream consumers may not be as familiar with their contributions to the tech industry.
Cramer pointed out that investors tend to gravitate towards companies that are easily identifiable with the zeitgeist. Apple’s iPhone and Microsoft’s Windows have become ubiquitous, while Amazon and Alphabet’s Google are household names in the consumer economy. Warren Buffett of Berkshire Hathaway is also recognized as one of the greatest names in finance.
Currently, Microsoft holds the top spot with a market cap of $3.2 trillion, followed closely by Apple at $2.9 trillion. Nvidia is not far behind at $2.8 trillion. While Cramer mused about a potential photo finish between the tech giants, he emphasized that the race in the market is eternal, with Nvidia potentially being the greatest contender of all.
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Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Microsoft, Apple, and Nvidia. Have questions for Cramer or want to explore more investment opportunities? Reach out to us via Twitter, Facebook, or Instagram, and let us help you uncover the hidden gems in the world of finance.