Nvidia Tops Charts as World’s Most Valuable Company

Nvidia has overtaken Apple and Microsoft to become the most valuable company in the world, the first time the chipmaker has claimed the top spot.

The company recorded a market capitalisation of $3.92 trillion on Thursday, surpassing Apple’s previous all-time high of $3.915 trillion set in December 2024, and Microsoft’s current valuation of $3.7 trillion.

The milestone reflects Nvidia’s growing dominance amid the rapid rise of artificial intelligence (AI). Investor enthusiasm for AI has skyrocketed, with Nvidia at the center of this surge. Its advanced chips are critical for training large AI models, making it a prime beneficiary of the ongoing AI investment boom.

ET reported that tech giants such as Microsoft, Amazon, Meta, Alphabet, and Tesla are racing to build massive AI data centers, creating unprecedented demand for Nvidia’s processors.

From a valuation of around $500 billion in 2021, Nvidia’s worth has now soared nearly eight-fold, approaching the $4 trillion mark. The company is now more valuable than the entire Canadian and Mexican stock markets combined, and it exceeds the combined market capitalisation of all UK-listed companies.

Shares of Nvidia rose 2.2% to $160.6 in morning trading on Thursday, pushing its market value above its US tech rivals. The stock has rebounded more than 68% since its recent low on April 4, when Wall Street was hit by market jitters following President Donald Trump’s global tariff announcements.