Nvidia reached an incredible market value of $3.92 trillion, on thursday positioning itself to potentially become the most valuable company ever. This surge in value is driven by Wall Street’s optimism around artificial intelligence (AI). The AI chipmaker surpassed Apple’s previous record market value of $3.915 trillion, which was set on December 26, 2024. According to Reuters, Nvidia’s latest chips have been key in training the world’s largest AI models, fueling strong demand for its products. Currently, Microsoft holds the second spot with a market cap of $3.7 trillion, while Apple now ranks third with a value of $3.19 trillion.
How Nvidia – Not Google or Microsoft – Is Leading the AI Race
The battle among tech giants like Microsoft, Amazon, Meta, Alphabet (Google), and Tesla to build advanced AI data centers and lead in AI technology has created a huge demand for Nvidia’s specialized chips. Nvidia, which originally focused on video game technology, has seen its stock soar nearly eight times in value over the past four years, jumping from $500 billion in 2021 to nearly $4 trillion.
Nvidia’s market value is now higher than the combined worth of all publicly listed companies in both Canada and Mexico. The company’s current valuation also exceeds the total market value of all publicly traded companies in the United Kingdom.
In addition, Nvidia’s stock has rebounded strongly, rising more than 68% since a recent low on April 4. This dip happened when Wall Street reacted negatively to US President Donald Trump’s global tariff announcements. However, US stocks, including Nvidia, have since recovered, thanks to expectations that the White House will finalize trade deals to reduce the impact of these tariffs.
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