US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
US Dollar Climbs to Weekly High as Middle East Tensions Lift Treasury Yields and Safe-Haven Demand 
US Dollar Holds Near One-Week High as Middle East Tensions and Oil Prices Drive Market Sentiment 
Australia Jobs Surge in June Strengthens Case for More RBA Rate Hikes 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
ASEAN Ministers Warn Middle East Conflict Threatens Regional Stability and Energy Security 
Asian Stocks Rally on AI Spending Optimism as Middle East Tensions Push Oil to Six-Week High 
Morgan Stanley Downgrades Adobe, Workday as AI Transition Raises Growth Concerns 
SpaceX Eyes Pentagon AI Deal as Cloud Pricing Strategy Pressures CoreWeave 
US, China to Hold AI Talks Ahead of Xi’s September Visit 
Nvidia’s stock soared to a staggering $3.65 trillion valuation, surpassing Apple as the world’s most valuable company, driven by Wall Street’s enthusiasm after Trump’s election win. The chipmaker’s latest milestone underscores its AI dominance amid renewed investor confidence in tech-friendly policies.
Nvidia Reaches Unprecedented Market High as Wall Street Rallies
On Thursday, as Wall Street continued a rally started by Donald Trump's return to the White House, Nvidia shares reached a record high, making the chipmaker the first business in history to surpass a stock market value of $3.6 trillion, Reuters reports.
Broad investor confidence about tax savings and lesser restrictions buoyed the shares of the major AI chipmaker, which surged 2.2% after the Republican candidate's election triumph on Tuesday.
Nvidia Surpasses Apple as World's Most Valuable Company
According to LSEG statistics, Nvidia surpassed Apple as the most valuable corporation in the world on Tuesday, surpassing the record-setting closing market capitalization of $3.57 trillion established on Oct. 21. The chipmaker's stock market value concluded the day at $3.65 trillion, surpassing Apple's record.
On Thursday, Apple's stock price increased by 2.1%, resulting in a market valuation of $3.44 trillion.
S&P 500 Technology Index Surges After Election Win
In the two trading sessions following Trump's election victory on Tuesday, the technology index of the S&P 500 rose more than 4%.
Amidst intense competition among industry giants like Microsoft, Alphabet, and others to expand their artificial intelligence computer capability and establish dominance in this new field, Nvidia emerged as the clear victor for the US stock market.
Nvidia's Unmatched Growth in 2024 Positions It Above Industry Titans
The value of the shares in the Silicon Valley chip designer has tripled so far in 2024, and it has increased 12% in November alone.
The value of Nvidia has surpassed that of Walmart, JPMorgan, UnitedHealth Group, Eli Lilly, and Netflix as a result of this year's increase.
Record Revenue Expected as Nvidia Prepares Quarterly Report
Per US News, when Nvidia announces its quarterly results on November 20, LSEG says that analysts expect the company's revenue to increase by more than 80%, reaching $32.9 billion.
Before Apple and Microsoft surpassed Nvidia as the most valuable corporation in the world in June, Nvidia had a brief reign. For months, the market caps of the three tech companies were virtually identical.
With a 1.25 percent increase in stock price on Thursday, Microsoft's market valuation reached approximately $3.16 trillion.
