In Thursday trading, Nvidia is poised to become the most valuable company ever, with its market cap hitting $3.92 trillion, fueled by Wall Street’s AI optimism. Shares of the top AI chip designer rose 2.2% to $160.6 in morning trading, surpassing Apple’s record $3.915 trillion market cap from December 26, 2024.
Reuters:
Nvidia’s newest chips have made gains in training the largest artificial-intelligence models, fueling demand for products by the Santa Clara, California, tech company.
Microsoft is currently the second-most valuable company on Wall Street, with a market capitalization of $3.7 trillion as its shares rose 1.4% on $498.
Apple rose 0.5%, giving it a stock market value of $3.19 trillion, in third place.
A race among Microsoft, Amazon.com, Meta Platforms, Alphabet, and Tesla, opens new tab to build AI data centers and dominate the emerging technology has fueled insatiable demand for Nvidia’s high-end processors.
Nvidia is now worth more than the combined value of the Canadian and Mexican stock markets, according to LSEG data. The tech company also exceeds the total value of all publicly listed companies in the United Kingdom.
MacDailyNews Take: Clearly, Nvidia is firing on all cylinders.
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