NVIDIA flirts with the $4 trillion market cap mark

Chipmaker NVIDIA is just 2.88% away from breaking the $4 trillion market cap. Close behind are tech giants Microsoft and Apple .

After the emergence of Chinese company DeepSeek wreaked havoc on its stock in April, it has rebounded to record levels.

NVIDIA shares have gained 68.95% since their April low, bringing its market capitalization to $3.885 trillion, surpassing Microsoft's $3.707 trillion, consolidating its position as the world's most valuable publicly traded company.

Previously, the market value of the Artificial Intelligence (AI) firm peaked at $3.623 trillion on November 8 of last year, and hit a low of $2.3 trillion on April 4.

NVIDIA shares rose as much as 1.33% to $159.34 per share in trading Thursday. Microsoft shares also rose 1.58% to $498.84.

Meanwhile, Apple, the creator of the iPhone, advanced 0.52%, giving it a market value of $3.19 trillion, in third place. The Apple company reached its record of being the most valuable company in history, at $3.915 trillion, reached on December 26, 2024.

NVIDIA's latest chips have made progress in training the largest AI models, driving demand for the Santa Clara, California-based company's products.

"When the first company surpassed $1 trillion, it was incredible. And now we're talking about $4 trillion, which is incredible. It tells you there's a huge rush on AI spending, and everyone is chasing it right now," said Joe Saluzzi of Themis Trading.

“NVIDIA, the AI ​​titan, had a shaky start to the year due to fears of competition from DeepSeek,” former hedge fund manager James Joseph Cramer told CNBC.

He added that, despite a drop in April due to US government restrictions on its sales in China, NVIDIA rebounded strongly in the following months. Cramer attributed the rebound to its "superiority in semiconductors and persistent demand from hyperscalers."

Furthermore, the success of Microsoft, NVIDIA, and Meta reflects the recovery of the technology sector.