In a historic shakeup of the tech industry, Nvidia has claimed the title of the world’s most valuable company, reaching a staggering market valuation of $3.92 trillion. The chipmaker dethroned longtime leaders Microsoft ($3.89T) and Apple ($3.78T) during Thursday’s trading frenzy, cementing its dominance in the era of artificial intelligence.
Nvidia’s stock soared 5.2% this week alone, fueled by unrelenting demand for its AI-accelerator chips. The company’s shares have skyrocketed over 180% in the past year, reflecting investor euphoria around generative AI, autonomous systems, and cloud computing. "Nvidia isn’t just riding the AI wave—they’re creating it," said Morgan Stanley analyst Theresa Wong. "Their hardware is the bedrock of this revolution."
The milestone caps a jaw-dropping ascent for the 31-year-old firm. Just five years ago, Nvidia ranked outside the top 10 most valuable companies. Today, it controls an estimated 92% of the AI chip market, powering everything from OpenAI’s ChatGPT to Tesla’s self-driving software. CEO Jensen Huang, often dubbed the "Taylor Swift of tech" for his cult-like following, has transformed Nvidia from a gaming-focused GPU maker into the engine of global AI infrastructure.
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Microsoft and Apple now face unprecedented pressure. While both giants have integrated AI into their ecosystems (Copilot and Apple Intelligence, respectively), neither has matched Nvidia’s pure-play leverage. "Apple’s slowdown in China and Microsoft’s cloud-computing plateau created an opening," noted Bloomberg’s tech editor Mark Sato. "Nvidia sprinted through it."
What’s next? Analysts warn that sky-high expectations leave little room for error. Regulatory scrutiny over Nvidia’s market share is intensifying, while rivals like AMD and custom-chip startups vie for disruption. Still, with the AI market projected to hit $1.8 trillion by 2030, Huang’s empire shows no signs of retreat. As one trader put it: "They’ve got the shovels in the only goldmine that matters."
— Reporting from San Francisco; Additional data from NYSE and Nasdaq.
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