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The AI chipmaker has officially become the world’s most valuable company, surpassing both Microsoft and Apple.

Nvidia shares surged 2.8% on Wednesday, reaching a new all-time high on Wall Street. With this latest rally, the company is now approaching a $4 trillion market capitalization.

The popular manufacturer of AI chip platforms has seen its stock rise 11.5% so far in 2025, and 25% over the past twelve months.

With a valuation of $3.7 trillion, Nvidia has now overtaken Microsoft ($3.66 trillion) and Apple ($3 trillion), securing its place as the largest company on the planet.

Nvidia’s AI Boom Breaks Records

Over the past few years, Nvidia has dominated the tech sector, driven by soaring demand for artificial intelligence. Training AI models requires powerful and specialized hardware—something the U.S. company excels at providing.

As a result, in the first quarter of this year, Nvidia reported revenues of $44.1 billion and adjusted earnings per share of $0.81. Just a year earlier, in Q1 2024, it posted $26 billion in revenue and $0.61 per share in earnings.

“The global demand for Nvidia’s AI infrastructure is incredibly strong,” said CEO Jensen Huang during a presentation to shareholders.

He noted that AI inference token generation has grown tenfold in just one year, and that with the widespread adoption of AI agents, demand for computing power is set to keep accelerating.

Huang also emphasized that governments worldwide now view AI as a critical infrastructure—on par with electricity or the internet—and Nvidia is positioned at the very core of this global transformation.

Nvidia Poised for a Stunning Valuation

Following Wednesday’s record-breaking performance, markets have begun speculating on how much higher Nvidia stock could climb—especially with AI continuing to dominate headlines.

One of the most bullish voices was Loop Capital’s Ananda Baruah, who raised his price target on Nvidia shares to $250. If reached, that would imply a staggering $6 trillion market capitalization.