This week on Wednesday, June 5th, the artificial intelligence chip manufacturer Nvidia, also known as “Nvidia” or “Huìdá” in Chinese, reached a new high in its stock price. Its market value surpassed $3 trillion, making it the second-largest company globally in terms of market capitalization, just behind Microsoft.
On that day, Nvidia’s stock price surged by 5.2% to close at a record high of $1,224.4, pushing its market value to $3.012 trillion. Apple’s stock price rose by 0.8%, with a market value of $3.003 trillion. Microsoft’s stock price increased by 1.9%, maintaining its position as the world’s number one in market capitalization at $3.15 trillion.
Simultaneously, the optimistic sentiment towards artificial intelligence has significantly boosted chip stocks, with the PHLX Semiconductor Sector index rising by 4.5%. Server suppliers like Super Micro Computer, using Nvidia’s chips, also saw a 4% increase in their stock prices.
Since Nvidia announced its first-quarter financial performance for the 2025 fiscal year on May 22nd, the company’s stock price has surged by nearly 30%, adding close to $150 billion to its market value. Nvidia has also announced a 1-for-10 stock split plan scheduled to commence on June 7th to attract more retail investors.
According to Reuters, Nvidia surpassing Apple in market value signifies a shift in Silicon Valley. Since the launch of the first iPhone in 2007, Apple, co-founded by Steve Jobs, has maintained a dominant position in Silicon Valley.
Nvidia has sparked a wave of enthusiasm for artificial intelligence on Wall Street, while Apple struggles with weakening iPhone demand and fierce competition in the world’s largest smartphone market, China.
So far this year, Nvidia’s stock price has skyrocketed by 147%, driven by the high demand for its top-tier processors. Companies like Microsoft, Meta, and Google’s parent company Alphabet are all racing to establish their artificial intelligence computing capabilities, attempting to dominate in this emerging technology field.
Jake Dollarhide, CEO of Longbow Asset Management, stated in an interview with Reuters, “Nvidia is currently making money in artificial intelligence, while companies like Apple and Meta are spending on artificial intelligence.”
“Nvidia is likely to surpass Microsoft soon, and this may already be inevitable. With a substantial influx of retail funds, they see this as an immediate investment opportunity.”
Nvidia was founded in 1993 and is headquartered in Santa Clara, California, United States. In February of this year, its valuation reached $2 trillion, and within just around three months, its market value surpassed $3 trillion.