Nvidia briefly became the world's most valuable company again, achieving a market value of $3.53 trillion, surpassing Apple's $3.52 trillion driven by AI chip demand.
"More companies are now embracing artificial intelligence in their everyday tasks and demand remains strong for Nvidia chips," said Russ Mould, indicating the broad market embrace of AI.
Nvidia is currently in a sweet spot, with a strong demand for AI capabilities poised to drive further investments and growth, provided the economy remains stable.
Analyst Joseph Moore expressed long-term bullishness on Nvidia, but noted that the recent surge in its stock price raises expectations for future earnings.
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