Nvidia was on track to become the most valuable company in history on Thursday, with the chipmaker’s market capitalisation reaching $3.92 trillion.

Nvidia hit a market value of $3.92 trillion today, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4% to $160.98 in morning trading, giving the company a higher market capitalization than Apple’s record closing value of $3.915 trillion on December 26, 2024.

Nvidia was on track to become the most valuable company in history, with the chipmaker's market capitalization reaching $3.92 trillion as Wall Street doubled down on optimism about AI.

American chipmaker Nvidia has surged to the top of the global tech hierarchy, briefly overtaking Apple to become the most valuable company in history, driven by skyrocketing demand for AI hardware. During a shortened trading session ahead of the US Independence Day holiday, Nvidia’s stock hit an all-time high of US$160.98 (A$241.47), pushing its market... Read More

Nvidia is set to become the most valuable company ever, reaching a $3.92 trillion market cap amid soaring AI demand. Its dominance in AI chipmaking has fueled rapid growth, outpacing rivals like Apple and Microsoft.