Nvidia Becomes World’s Most Valuable Company with $3.77 Trillion Market Cap
Nvidia Corporation reclaimed its position as the most valuable company in the world, surpassing tech giants Microsoft and Apple, following a strong rally in its share price on Wednesday. The semiconductor and AI powerhouse closed 4.33% higher at $154.31 per share, pushing its market capitalization to $3.77 trillion.
Nvidia Overtakes Microsoft and Apple in Market Value
With this surge, Nvidia edged past Microsoft Corp., which ended the trading session with a valuation of $3.66 trillion after a modest 0.44% rise in its stock. Meanwhile, Apple Inc. saw its share price increase by 0.63%, placing its market cap at $3.01 trillion.
These three tech giants Nvidia, Microsoft, and Apple have frequently traded positions atop the global market cap leaderboard over the past year, reflecting intense investor interest in the evolving landscape of artificial intelligence and cloud computing.
AI Momentum Powers Nvidia’s Rally
The sharp jump in Nvidia’s share price came after CEO Jensen Huang showcased the company’s latest advancements at its annual shareholder meeting. He emphasized that the AI computing era is just beginning, with Nvidia playing a central role in transforming global infrastructure. Huang reiterated that strong demand for high-performance GPUs and AI computing systems remains robust across sectors.
Investor optimism around AI technologies continues to fuel bullish sentiment in Nvidia shares, with the chipmaker seen as a frontrunner in enabling large-scale AI adoption.
Analysts Remain Bullish on Nvidia’s Future
Adding to the enthusiasm, Loop Capital upgraded its price target for Nvidia from $175 to $250, maintaining a “buy” rating. The firm cited Nvidia’s leadership in AI and its strong positioning to ride what it calls a “Golden Wave” of AI investment and adoption across industries.
Nvidia’s rise to the top reflects the growing importance of AI in shaping the future of technology and investing. With strong product pipelines, continued demand, and high analyst confidence, Nvidia remains a major player to watch in the global tech landscape.
