In the battle between Apple and Nvidia, the gap is clearly narrowing
For more than a decade, the iPhone maker was the world’s most valuable public company. But the arrival of generative AI is boosting the stocks of others.
Federal Reserve chairman Jerome Powell did a lot to help the S&P 500 hit its 16th record for the year when he told a Senate committee that the US central bank was “not far” from being able to cut interest rates.
But while Powell’s comments helped stoke the broader market rally, the undoubted star of the S&P 500 for the past year has been artificial intelligence chipmaker Nvidia.
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Jill Margo was a senior writer at The Australian Financial Review.
