Nvidia's market value has reached $3.92 trillion, approaching the status of the most valuable company in history, driven by market confidence in the potential of artificial intelligence (AI).
Nvidia shares rose 2.4% to $160.98 in early trading, surpassing Apple's record market value of $3.915 trillion set on December 26, 2024.
Demand for Nvidia's AI chips continues to soar as giants such as Amazon, Microsoft, Meta, Tesla and Alphabet build data centers and compete in generative technology.
The organization has grown from a small company to a Wall Street AI benchmark since it was founded by CEO Jensen Huang in 1993.
According to LSEG data, Nvidia's market value now exceeds the entire stock markets in Canada and Mexico, as well as all listed companies in the United Kingdom.
