Following Trump’s election, Nvidia’s market capitalization has surpassed $3.6 billion

Shares of Nvidia outperformed Microsoft shares reached a new high Thursday, becoming the first corporation in history to achieve a market value of $3.6 trillion, as Wall Street extended a surge prompted by Donald Trump’s return to the White House.

Shares of the main producer of artificial intelligence processors climbed 2.2%, fueled by widespread investor optimism about tax cuts and lesser restrictions following the Republican candidate’s election victory on Tuesday.

Shares of the Silicon Valley chip designer increased 12% in November, and their value has quadrupled so far in 2024.Following this year’s increase, Nvidia now has more worth than Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix combined.

According to LSEG, analysts predict Nvidia’s quarterly sales to climb by more than 80% to $32.9 billion when it reports on November 20. In June, it was the world’s most valuable firm before being surpassed by Microsoft and Apple.

For several months, the three technology companies’ market capitalizations were tied. Microsoft’s market worth was roughly $3.16 billion, and its shares rose 1.25% on Thursday.