AsianFin -- Nvidia shares closed at an all-time high on Thursday, gaining 1.3% in a holiday-shortened trading session and bringing the AI chipmaker within striking distance of surpassing Apple as the most valuable company in history.
The stock briefly climbed more than 2% during the session, lifting Nvidia’s market capitalization to $3.92 trillion before settling at $3.89 trillion by the close—just shy of Apple’s peak $3.915 trillion valuation reached in late 2024.
While Apple has stumbled amid concerns over its AI strategy and renewed tariff threats from President Donald Trump targeting overseas-manufactured devices, Nvidia continues to soar on investor enthusiasm for its dominance in artificial intelligence hardware.
The company’s strong quarterly results in May—showing robust demand despite U.S. export restrictions on China—fueled renewed momentum in the stock. Nvidia has now notched a series of record highs since late June, marking a sharp rebound from a turbulent start to 2025. Shares are up more than 19% year-to-date.
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What factors contributed to Nvidia's recent stock surge?
How does Nvidia's market capitalization compare to its competitors?
What role does artificial intelligence play in Nvidia's business strategy?
What challenges is Apple facing that could impact its valuation?
How did U.S. export restrictions on China affect Nvidia's performance?
What are the implications of Nvidia potentially surpassing Apple in market value?
What recent trends have been observed in the AI chip market?
How do investor sentiments towards AI hardware influence stock prices?
What are the historical milestones of Nvidia's stock performance?
How might Nvidia's growth trajectory change in the next few years?
What are the potential risks associated with Nvidia's current market position?
How do Nvidia's quarterly results reflect its overall business health?
What is the significance of Nvidia's record highs since late June?
How does Nvidia's valuation affect the tech industry's overall landscape?
What similar cases exist where a tech company challenged the market leader?
What are the long-term impacts of geopolitical tensions on tech companies like Nvidia?
