Nvidia stock hits record $3.65T as Trump’s election win fuels tech rally
Following Trump’s election victory, Nvidia’s stock skyrocketed, making it the first company ever to reach a $3.65T market valuation. Investors are optimistic about the potential tech-friendly policies expected from the new administration.
Nvidia’s stock surged to new highs on Thursday, pushing its market value to an unprecedented $3.65T, fueled by a broad rally following Donald Trump’s presidential election win. Investors, optimistic about potential tax cuts and deregulation under the renewed Republican administration, helped boost Nvidia shares by 2.2%, establishing the AI chipmaker as the most valuable company worldwide, surpassing Apple’s previous record of $3.57T.
Since the beginning of November, Nvidia’s stock has climbed 12%, reflecting investor confidence in the company’s leadership in artificial intelligence technology. Demand for Nvidia’s AI chips from tech giants like Microsoft and Google has kept its growth momentum strong, with analysts expecting Nvidia to report an 80% revenue increase to $32.9B in the upcoming quarterly results.
As the tech sector overall continues to benefit from Trump’s anticipated policies, Nvidia’s valuation has also outpaced the combined worth of industry heavyweights such as Walmart, JPMorgan, and UnitedHealth. This significant milestone highlights Nvidia’s dominant role in the AI chip industry amid intense competition to build computing power for AI applications.
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