Nvidia is on the verge of rewriting corporate history. The chipmaker’s market capitalization has surged to $3.92 trillion, placing it ahead of Apple’s all-time record and setting the stage for it to become the most valuable company ever. This remarkable rise comes as Wall Street continues to fuel optimism around artificial intelligence and the massive demand for high-performance chips.
Shares of Nvidia climbed 2.2 percent in morning trading to $160.6, briefly surpassing Apple’s record market cap of $3.915 trillion set in December 2024. Microsoft, now in second place, is valued at $3.7 trillion, with Apple trailing in third at $3.19 trillion. The numbers not only reflect investor confidence in Nvidia’s leadership in AI technology, but also signal a reshaping of global tech power.
What began as a company designing GPUs for video games has now evolved into a cornerstone of the global AI revolution. Nvidia’s newest chips are instrumental in training the largest artificial intelligence models used by companies like OpenAI, Meta, Amazon, and Google. The surge in AI-focused infrastructure and data center development has led to unprecedented demand for Nvidia’s hardware.
Over the past four years, Nvidia’s market value has nearly octupled, rising from around $500 billion in 2021 to just shy of $4 trillion in 2025. That extraordinary leap makes Nvidia more valuable than the combined total of every publicly traded company in the United Kingdom, and even exceeds the entire stock markets of Canada and Mexico.
Despite the sharp rise in share price, Nvidia’s stock is currently trading at about 32 times projected earnings for the next 12 months. This is below its five-year average of 41, indicating that earnings expectations have managed to outpace even the company’s stunning market gains. Analysts suggest this makes the valuation more grounded than many earlier tech bubbles.
The company’s rally also reflects broader investor belief in AI as a foundational technology that will transform nearly every industry, from healthcare to finance to automotive. Companies like Microsoft, Amazon, Tesla, and Alphabet are racing to build powerful AI data centers, and they are all reliant on Nvidia’s processing capabilities.
Nvidia’s rise hasn’t been without turbulence. Back in April, its stock had dipped following global tariff concerns after announcements by President Donald Trump. But since then, the stock has rebounded over 68 percent as market expectations turned positive amid potential trade negotiations from the White House.
Now, with momentum on its side and AI investments accelerating globally, Nvidia is poised to take the crown as the world’s most valuable company. The milestone would not only reflect its technological dominance but also cement its role in shaping the future of computing.