Nvidia Briefly Surpasses Apple as Most Valuable Company Amid AI-Driven Market Surge
Nvidia (NVDA) eclipsed Apple's market capitalization record early Thursday, reaching a staggering $3.92 trillion valuation before settling at $3.89 trillion by market close. The AI chipmaker's shares gained over 2% during a shortened trading session, continuing its meteoric rise fueled by relentless demand for artificial intelligence infrastructure.
Microsoft (MSFT) now ranks as the world's second-most valuable company at $3.7 trillion, with shares climbing 1.7% to $499.56. Analysts remain bullish on Nvidia's trajectory - Wedbush's Dan Ives projects a $4 trillion valuation by summer's end and $5 trillion within 18 months, citing underestimated growth potential from projected $2 trillion in tech spending.
The semiconductor giant's ascent mirrors broader enthusiasm for AI-related assets across financial markets. While no direct cryptocurrency mentions appear in this corporate milestone, the parallel growth narratives between disruptive technologies remain noteworthy for digital asset investors monitoring capital flows into innovation sectors.