$NVIDIA Corp(NVDA)$ has outperformed the market with a remarkable 1,900% share price increase in the past five years, surpassing Apple's 317% return. While Apple holds a higher market cap at $2.8 trillion, projections indicate that Nvidia, with a market cap just under $2 trillion, may need sustained high growth to surpass Apple's value.

Apple's potential growth lies in capturing a portion of the expected 1.5 billion increase in the global smartphone market by 2029. If successful, this could lead to an 80% rise in stock price, reaching $325 by 2030, and a market cap of $5 trillion.

Nvidia's growth is tied to the expanding demand for its GPUs, particularly in data centers adopting AI technology. With analysts projecting a tripling of revenue to $192 billion by 2027 and future earnings reaching $105 by 2030, Nvidia's stock price could surge to $3,360, resulting in a market cap exceeding $8 trillion. This positions Nvidia as a potential leader in the coming decade, potentially surpassing Apple in market value.