In a stunning display of market prowess, Nvidia’s stock price soared to a record high, briefly catapulting the company’s market capitalization over the $3 trillion threshold. This surge positioned Nvidia as the second most valuable company globally, momentarily eclipsing Apple and trailing only behind Microsoft. The company’s stock, which has nearly doubled since the beginning of the year, reflects investor enthusiasm for Nvidia’s leadership in the AI market, particularly after the announcement of its new AI data center platform, Rubin, slated for release in 2026. Analysts remain bullish, with Bank of America reiterating a $1,500 price target, indicating a 24% upside and solidifying expectations for Nvidia’s continued dominance in the computing market for the next decade . Despite a slight end-of-day retreat in stock value, the broader sentiment toward Nvidia remains overwhelmingly positive, with the tech giant’s growth trajectory seen as a bellwether for the AI industry’s expansive potential. The company’s recent performance at Computex in Taiwan and its strategic updates to AI accelerators are set to maintain its competitive edge.
Key points
- Nvidia’s market cap briefly surpassed $3 trillion, becoming the second most valuable company.
- The company’s success is driven by its dominance in the AI chip market and the announcement of its new AI data center platform Rubin.
- Despite a slight drop in stock value by the end of the day, Nvidia’s market position remains strong with analysts predicting continued growth.
Contradictions👾Although Nvidia momentarily overtook Apple in market cap, Apple regained its position by the end of the day, with Nvidia’s market value dropping 1.
59% to $2.
96 trillion.
