On Thursday, July 3, the market capitalization of Nvidia skyrocketed to a record $3.92 trillion, positioning it at the doorstep of being the most-valuable company of all time.
This achievement was fueled by exponentially growing investor optimism in the potential of artificial intelligence (AI), especially among Wall Street insiders.
The top maker of high-end AI chips broke Apple's all-time record for market capitalisation—$3.915 trillion—set on December 26, 2024. According to Reuters, the company's latest processors have been central to training next-generation AI models, fueling the already red-hot demand for its hardware.
Now, Microsoft has the second-largest market value at $3.7 trillion, and Apple has fallen behind with $3.19 trillion. The battle between leading tech giants such as Microsoft, Alphabet (Google), Amazon, Meta, and Tesla to build next-generation AI infrastructure and control the artificial intelligence market has heavily increased the demand for Nvidia's specialized chips.
First created for graphics processing in video games, Nvidia's underlying technology is now vital to AI and machine learning use. The company's valuation has surged by fourfold in the last four years, from $500 billion in 2021 to almost $4 trillion—a nearly eightfold gain. As per information from LSEG, the valuation of Nvidia now surpasses the aggregate market capitalisation of all listed companies in Canada and Mexico and even that of all public listed companies in the UK.
Nvidia stock has also rebounded sharply, up over 68% from a recent low April 4. That decline followed market anxieties triggered by one-time U.S. President Donald Trump's worldwide tariff announcements. But the U.S. stock market—led by Nvidia—has recovered since then, supported by hopes that the White House will sign trade agreements to mitigate the effects of Trump-era tariffs.
Bloomberg's Billionaires Index states that Nvidia CEO Jensen Huang has had his personal wealth jump by $25 billion in 2025 alone, putting his overall net value at $139 billion.
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