Shares of Nvidia (NASDAQ:NVDA) climbed about 2.4% Thursday to $160.98, lifting its market capitalization to roughly $3.92 trillion.
That move briefly put Nvidia on track to surpass Apple (NASDAQ:AAPL), which closed at a record $3.915 trillion on Dec. 26, 2024. Microsoft (NASDAQ:MSFT) sits in second place with a market value near $3.65 trillion, while Apple holds about $3.17 trillion.
Nvidia's jump reflects robust demand for its AI?focused chips, which power large language models and other compute?heavy applications.
Remarkably, Nvidia now tops the combined value of all publicly listed companies in Canada and Mexico, as well as the total market cap of UK?traded firms, Reuters reported.
Analysts warn that Nvidia's rally could face challenges if chip production scales up or geopolitical issues disrupt supply chains.
Still, its pricing power and strong order backlog may help sustain investor interest.
As Nvidia vies to become the most valuable company ever, market watchers will monitor whether it can maintain this momentum into the second half of 2025.
This article first appeared on GuruFocus.
