Nvidia is expected to surpass all previous companies in terms of value

As Wall Street redoubled its optimism regarding AI, Nvidia’s market value reached $3.92 billion on Thursday, putting the chipmaker on track to become the most valuable business in history.

The market capitalization of the top manufacturer of high-end AI chips surpassed Apple’s record closing value of $3.915 trillion on December 26, 2024, as its shares increased 2.2% to $160.6 in morning trading.

The latest chips from Nvidia improved the training of the biggest AI models, increasing demand for the company’s goods in Santa Clara, California.

With a market valuation of $3.7 trillion, Microsoft is currently the second most valuable firm on Wall Street. Its shares increased 1.5% to $498.5.

Apple climbed 0.8% to take third place with a $3.19 trillion market value.

Demand for Nvidia’s high-end processors was unquenchable due to competition from companies like Microsoft, Amazon, Meta, Alphabet, and Tesla to construct AI data centers and control cutting-edge technology.