American chipmaker Nvidia set a new all‑time record for market value. In trading on October 2, the stock rose to $235.58 a share, lifting the developer’s market capitalization to $5.7 trillion and cementing its status as the world’s most valuable company, Yahoo Finance reports, citing investor optimism about the firm’s prospects.
The global artificial intelligence boom remains the key growth driver. Despite analysts’ debate over the durability of the trend, demand for processors and server solutions continues to expand. Businesses worldwide are investing heavily in compute capacity and data centers. The company’s financials have comfortably outperformed expectations: revenue reached $96.2 billion in the second quarter, and guidance for the third quarter points to 106–110 billion.
Nvidia’s climb to the top of the market has been unprecedented. At the start of 2024, the chipmaker was valued at roughly $2 trillion, rising to $4.5 trillion by last autumn. Having surpassed Microsoft and Apple, the company now sits at number one in the global rankings. The new price record confirms that leadership in advanced semiconductors allows the business to be the principal beneficiary of the technological transformation.
