Nvidia’s stock soars as it becomes the world’s most valuable company

NVIDIA teeth Newest addition to the $3 trillion market cap clubBut it has already overtaken Microsoft and Apple. The world’s most valuable publicly traded companies.

The AI ​​chipmaker’s shares rose another 2.3% in morning trading on Thursday, bringing its stock price up 188% so far this year. Nvidia’s market capitalization is now $3.41 trillion, Microsoft’s $3.29 trillion and Apple’s $3.24 trillion.

Earlier this month, Nvidia crossed the $3 trillion market cap threshold for the first time, briefly overtaking Apple. First semiconductor company to reach a $2 trillion valuation After reporting Record fourth quarter profits.

In May, the chipmaker again Exceeding Wall Street expectationsThe company announced that it expects first-quarter fiscal 2025 revenue to reach a record high of $26 billion, up 262% year over year. The stock price opened above $1,000.However, the company subsequently 10-for-1 stock split The company’s shares began trading at this price on June 10th.

Nvidia’s Hopper chips are used to train and infer the world’s most powerful artificial intelligence models, boosting the company’s revenue and value amid a boom in generative AI. Hopper’s successor, BlackwellThe company said it expects shipments to start in the second quarter of this year, with deliveries to customers in the fourth quarter. Nvidia CEO Jensen Huang said the company will see revenue from the Blackwell AI platform this year.

Earlier this month, yellow Blackwell’s successor announcedThe Blackwell Ultra chip is expected to arrive in 2025, followed by its next-generation AI chip platform, Rubin, in 2026. He said Nvidia plans to unveil new chips on a “yearly cadence.”