NVIDIA Reclaims Global Market Cap Crown!

NVIDIA's stock surged 4.3% at the close of trading on June 25, reaching a record high of $154.31 per share and pushing its market capitalization to an unprecedented $3.77 trillion—surpassing Microsoft's $3.66 trillion to become the world's most valuable publicly traded company once again.

In early trading on June 26, NVIDIA's shares climbed another 1%, continuing a remarkable rally that has seen its stock rise 63% since the April low, adding nearly $1.5 trillion in market value.

The company's robust first-quarter earnings have been a key driver of investor confidence. Despite export restrictions on advanced chips to mainland China, NVIDIA's forward momentum remains strong, supported by sustained global demand for AI computing infrastructure.

Financial results from major cloud and technology companies—including Microsoft, Meta, Alphabet, and Amazon—highlight continued aggressive investment in AI infrastructure. Bloomberg's supply chain data shows these four tech giants collectively contribute more than 40% of NVIDIA's total revenue, underscoring the company's central role in powering AI deployments at scale.

Michael Smith, portfolio manager at Allspring Global Investments, stated: “My confidence in NVIDIA's growth outlook is even stronger than it was months ago. The AI arms race clearly extends into 2025 and likely beyond. NVIDIA's growth engine is back in high gear, and its competitive moat is deepening—further solidifying its market dominance.”