Nvidia has seen an astronomical rise, outperforming Apple's stock price by over 25-fold in 2024, largely driven by increasing demand for semiconductor chips, especially in AI applications.

As Nvidia prepares for a much-anticipated 10-to-1 stock split, its shares have soared over 150% since the year began, while Apple's have only risen by 6%.

Despite a slight dip in pre-market trading, Nvidia's recent surge positions it as a contender for the world's second-largest company, with a $3 trillion market capitalisation reflecting its dominance in the AI industry, according to experts like Gurps Rai and Ilan Rakhmanov.