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Nvidia Reclaims Top Spot with Record $3.8 Trillion Valuation

Soaring AI chip sales have driven Nvidia’s market cap past $3.8 trillion with analysts forecasting a $4 trillion valuation this summer

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A bold Nvidia, Microsoft stock prediction shows the AI boom’s power.

Overview

  • Shares rose for a fifth consecutive day on June 27, lifting Nvidia past Microsoft to become the world’s most valuable company at about $3.8 trillion
  • First-quarter revenue jumped 69% year-over-year to $44 billion thanks to booming demand for its data-center GPUs
  • CEO Jensen Huang identified robotics and autonomous vehicles as the next multitrillion-dollar growth markets beyond AI
  • U.S. export controls on Nvidia’s H20 AI chips to China are expected to reduce the company’s sales by roughly $5.5 billion this fiscal year
  • Analysts from Wedbush and Loop Capital predict Nvidia’s market cap could reach $4 trillion or more in the coming months