(New York) – Shares of Nvidia reached an all time high, propelling the tech giant to a record market value of $3.65 trillion. This milestone came on Thursday, following investor optimism sparked by Donald Trump’s election victory on Tuesday. The surge in Nvidia’s stock was driven by expectations of tax cuts and deregulation, with investors anticipating a more favorable business environment under a Republican government.
With this new market value, Nvidia surpassed Apple’s previous record of $3.57 trillion, which had been set just weeks earlier. The chipmaker’s shares rose by 2.2%, while Apple’s stock gained 2.1%, bringing its market value to $3.44 trillion. Nvidia’s rise to the top came shortly after it overtook Apple to become the world’s most valuable company, a position it has maintained ever since.
The broader market also experienced a surge, with Wall Street’s most valuable tech companies gaining ground. The S&P 500 technology index climbed over 4% in the two days following Trump’s victory, fueling the rally in big tech stocks. Nvidia’s performance has been especially impressive this year, with its stock climbing by 12% in November alone and its market value tripling since January.
Nvidia’s remarkable growth has made it worth more than some of the largest companies combined. The chipmaker now exceeds the combined value of major corporations like Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group, and Netflix. Analysts predict Nvidia will report a significant jump in its quarterly revenue, with an 80% increase to $32.9 billion when it announces its results on November 20.
This achievement follows a brief period earlier this year when Nvidia briefly held the title of the world’s most valuable company, only to be overtaken by Microsoft and Apple. However, the competition between these tech giants remains fierce, with Nvidia, Microsoft, and Apple regularly exchanging positions as the top three most valuable companies in the world.
Microsoft’s market value currently stands at approximately $3.16 trillion, after its stock increased by 1.25% on Thursday, further adding to the fierce rivalry among these tech titans.
