Nvidia Reclaims World’s Most Valuable Company Title as AI Momentum Surges
Nvidia has once again claimed the crown as the world’s most valuable company, propelled by a surging wave of investor enthusiasm for artificial intelligence. On Wednesday, the chipmaker’s stock jumped over 4% to a new all-time high of $154.10, lifting its market capitalization to $3.76 trillion—edging past Microsoft’s $3.65 trillion valuation.
The rally followed a bullish note from Loop Capital, which raised its price target for Nvidia to $250 from $175 and reaffirmed a “buy” rating. Analyst Ananda Baruah wrote that the company is positioned at the forefront of what he called a new “Golden Wave” of generative AI adoption, suggesting demand could accelerate faster than previously forecast.
Nvidia’s dominance in the AI chip market has made it a central player in the ongoing AI boom. Its GPUs power everything from ChatGPT-style language models to robotics and self-driving tech, making the company a core infrastructure provider for the future of AI.
Importantly, despite Nvidia’s meteoric rise—its shares have soared over 60% since a low in April—the company’s valuation still appears reasonable to some analysts. It’s currently trading at about 30 times expected earnings, which is below its five-year average of 40. That implies Wall Street sees room for further growth, buoyed by strong financials and consistent delivery.
Over the past year, Nvidia, Microsoft, and Apple have traded places at the top of the market value leaderboard. While Microsoft had recently pulled ahead, Nvidia’s latest rally underscores just how much AI continues to drive market narratives. Meanwhile, Apple’s stock rose slightly to reach a valuation of about $3 trillion.
The broader tech sector has also been climbing. The S&P 500’s technology index hit a new record on Wednesday, gaining nearly 6% so far this year as investors rotate back into growth stocks.
Tesla’s Quiet AI Push
While Nvidia steals the spotlight, Tesla is quietly expanding its AI ambitions beyond electric vehicles. The company is testing its robotaxi platform in Texas and advancing a humanoid robot project known as Optimus—an effort CEO Elon Musk believes could eventually eclipse Tesla’s core automotive business in value.
Adam Spatacco
Optimus is designed to handle repetitive or physically demanding tasks in factories and other settings. Musk envisions the robot operating around the clock, increasing production efficiency and potentially being sold into broader labor markets.
Nvidia CEO Jensen Huang recently called humanoid robotics a “multitrillion-dollar industry,” naming Tesla’s Optimus among the leading initiatives in the space.
Other startups, such as Figure AI—backed by Nvidia—are also building humanoid robots for industrial use. A demo released by Figure shows robots working alongside humans in factories, hinting at a future where AI-driven machines become everyday coworkers.
Despite a nearly 30% gain in Tesla’s stock, some analysts caution the excitement around Optimus and robotaxis may be running ahead of real-world execution. Investors are still waiting for proof the company can scale these projects into viable, revenue-generating businesses.