Nvidia’s stock surged on Thursday, fueled by relentless Wall Street enthusiasm for artificial intelligence and its crucial AI chip technology. The company’s market capitalization briefly topped $3.92 trillion, threatening Apple’s record closing value of $3.915 trillion from December 2024. This fleeting victory positioned Nvidia to potentially become the most valuable company ever.
Shares initially rose 2.4% to $160.98, but the momentum waned slightly. By midday, Nvidia’s stock price settled at $159.60, valuing the company at $3.89 trillion, narrowly missing surpassing Apple’s benchmark. Despite this slight pullback, Nvidia’s continued dominance in AI chip design keeps investors optimistic about its future growth potential and market leadership.
