Nvidia closes in on most valuable company in history

Photo caption — Nvidia Corporation's supercomputer at the Foxconn technology exhibition in Taiwan. Photo: REUTERS/TTXVN

In a shortened trading session before the US Independence Day holiday (July 4), the AI chipmaker's stock rose more than 2% at one point, helping Nvidia's market capitalization reach $3.92 trillion. By the end of the session, Nvidia's capitalization stood at $3.89 trillion, just shy of Apple's record $3.915 trillion peak set in late 2024.

Apple's market capitalization has declined since then, as the iPhone maker struggles to catch up with rivals in artificial intelligence (AI), and faces the risk of President Donald Trump imposing tariffs on products made abroad.

Investors rushed to buy Nvidia shares after its latest quarterly results in late May 2025 showed strong growth despite the US chip restrictions on China. Since late June 2025, Nvidia shares have been hitting new highs. Year-to-date, the stock has risen more than 19%, marking a dramatic comeback after a turbulent start to 2025.

Wedbush analyst Dan Ives believes Nvidia could reach a market capitalization of $4 trillion this summer and move toward the $5 trillion mark within the next 18 months.

“We believe that tech stocks will have a strong second half,” Mr. Ives wrote in a note to clients on July 3. “Our bullish view is based on the expectation that investors are still underestimating the huge growth wave ahead, with approximately $2 trillion in corporate and government spending over the next three years on AI and its applications.”

However, not everyone is optimistic about the AI craze. Legendary investor Jim Chanos commented that the “AI ecosystem” has many similarities to the dot-com bubble, the Internet boom of the 2000s.

Source: https://doanhnghiepvn.vn/doanh-nhan/nvidia-tien-sat-toi-vi-the-cong-ty-gia-tri-nhat-lich-su-thi-truong/20250705011133535