Nvidia Briefly Becomes World’s Most Valuable Company Ever at $3.92T
Nvidia hit a historic milestone on Thursday, July 3rd, as its market capitalization briefly reached $3.92 trillion, making it the most valuable company in history. The AI chipmaker’s shares rose as much as 2.4% to $160.98 during morning trading, surpassing Apple’s previous record closing value of $3.915 trillion set in December 2024.
Wall Street’s Optimism About AI
The surge reflects Wall Street’s continued optimism about artificial intelligence, with Nvidia’s cutting-edge AI chips serving as the backbone for major tech companies developing AI systems. The company’s newest processors have made significant gains in training large-scale AI models, driving unprecedented demand from tech giants like Microsoft, Meta, Google, and Amazon.
Nvidia’s Market Dominance
Nvidia now accounts for 7% of the S&P 500 index and is worth more than the combined value of Canadian and Mexican stock markets. The company’s remarkable recovery follows a 68% rebound from its April lows, when markets were shaken by tariff concerns.
Future Predictions
Analysts at Wedbush predict both Nvidia and Microsoft could breach the $4 trillion threshold this summer, territory no company has ever reached.
Source: Reuters