Silver has surpassed NVIDIA to become the second-largest asset by global market capitalization, marking a significant shift in financial markets. This development highlights a growing investor preference for precious metals over tech stocks amid market uncertainties. Silver's market cap now exceeds that of NVIDIA, which had previously surged due to its dominance in AI chip manufacturing.
The rise in silver's value is attributed to its role as an inflation hedge and its industrial demand, particularly in electronics and solar energy. Additionally, concerns over tech stock valuations have prompted investors to seek safer assets, boosting silver's appeal. As silver now ranks just below gold, the financial world watches to see if this trend will continue or if tech giants will reclaim their dominance.
Silver Overtakes NVIDIA in Global Market Cap Rankings
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