„When the first company crossed a trillion dollars, it was amazing. And now you’re talking four trillion, which is just incredible. It tells you that there’s this.
The big picture: Nvidia came within striking distance of setting a new record for the most valuable company in history on Thursday, as its market capitalization soared to $3.92 trillion during intraday trading, just shy of the $4 trillion mark. The chipmaker’s rapid ascent, fueled by relentless demand for its advanced AI chips, briefly pushed it past Apple’s previous record closing value of $3.915 trillion set in late 2024. By the end of the trading session, Nvidia’s value settled at $3.89 trillion, slightly below the all-time high but still underscoring its extraordinary run.
„When the first company crossed a trillion dollars, it was amazing. And now you’re talking four trillion, which is just incredible. It tells you that there’s this huge rush with AI spending and everybody’s chasing it right now“, Joe Saluzzi, co-manager of trading at Themis Trading, told Reuters.
The surge in Nvidia’s stock reflects a broader wave of optimism on Wall Street about the future of AI.
