Nvidia on the threshold of history

Nvidia shares hit a record high and are about to become the most valuable company in history. Photo: Reuters .

According to Reuters , Nvidia almost opened a new era when it once reached a market capitalization of 3,920 billion USD , making this chip company the most valuable company in history, breaking the record of 3,915 billion USD held by Apple.

Specifically, in the trading session on July 3, the stock of this leading high-end AI chip designer increased by 2.4% to $ 160.98 / share in the morning, giving the company a market capitalization higher than Apple's closing record of $ 3.915 billion on December 26, 2024.

However, the rally was not sustained until the end of the session when Nvidia shares closed up 1.5% to $159.60 /share, bringing Nvidia's market capitalization to $3.89 trillion , just shy of Apple's record.

Nvidia's rapid growth is fueled by surging demand for its high-end AI chips, which are critical hardware for training advanced AI models.

According to LSEG data, Nvidia's market capitalization now exceeds the value of the entire Canadian and Mexican stock markets, and even exceeds the combined value of all publicly listed companies in the UK.

The AI boom has propelled Nvidia to unprecedented heights. The company’s market capitalization has quadrupled in the past few years and is now worth nearly $4 trillion , thanks to a wave of massive investment from tech companies and governments around the world into AI infrastructure, where Nvidia’s chips play a central role.

Source: https://znews.vn/nvidia-truoc-nguong-cua-lich-su-post1565910.html