Jon Peddie Research estimates that its share of the discrete GPU (graphics processing unit) market stood at 83% in the second quarter of 2021. Nvidia dominates the graphics card market. Why Nvidia could keep growing at a faster pace than Apple Analysts expect the chipmaker's earnings to clock a compound annual growth rate of more than 32% for the next five years, while Apple's earnings are expected to grow at a slower annual rate of 15%. However, as noted in the table, Nvidia is expected to maintain stronger growth levels over the next couple of fiscal years. This is evident from the massive growth in Nvidia and Apple's revenue in fiscal 2021. Meanwhile, Apple is benefiting big time from the rapid adoption of 5G smartphones.
The growing demand for graphics cards used in data centers and gaming personal computers (PCs) has supercharged Nvidia's top and bottom lines over the past couple of years. NVDA Market Cap data by YCharts Nvidia's faster growth gives it an edge over Apple However, it is worth noting that Nvidia's market cap has increased at a much faster pace than Apple's over the past five years. Thanks to its terrific rally, Nvidia now has a market capitalization of just over $766 billion.Īpple, on the other hand, has a market cap of $2.5 trillion, making it a much bigger entity than Nvidia despite the iPhone maker's underperformance on the stock market in 2021. Nvidia ( NVDA -0.54%) has been a hot stock in 2021 as shares of the graphics card specialist have shot up around 135%, eclipsing bigger names such as Apple ( AAPL -0.35%).
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