Nvidia briefly reached a market value of $3.92 trillion, coming close to Apple’s all-time record. Its stock surged to $160.98, driven by booming demand for Nvidia’s AI chips, which power large-scale AI models. The rise reflects Wall Street’s strong enthusiasm for artificial intelligence.
Nvidia is now worth more than the entire stock markets of Canada and Mexico combined. Once known mainly for gaming chips, the company has transformed into a major force in the AI industry. It now makes up 7% of the S&P 500 – a clear sign of the growing global race for AI leadership.