Nvidia on Cusp of Topping Intel in Market Cap After 70% Gain

Photographer: Justin Sullivan/Getty Images 

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Nvidia Corp. is close to surpassing Intel Corp. in market value for the first time after shares of the graphics chipmaker soared this year.

Nvidia has gained more than 70% in 2020 as investors bet the coronavirus pandemic has accelerated a shift to cloud-based digital services that use its technology.