Nvidia is only one step away from becoming the most valuable company in history

Source: Interface News

On July 3, NVIDIA's stock surged over 2% intraday to a record high of $160.98, pushing its market capitalization to $3.92 trillion—briefly surpassing Apple’s peak of $3.915 trillion in late 2024. Though closing at $159.34 (up 1.33%, $3.89T cap), the AI chip leader is poised to become the most valuable company in history if gains continue.  

**Key Drivers:**  

- **AI Dominance**: Soaring demand for NVIDIA’s high-end processors from tech giants (data centers) and startups (model training).  

- **CEO’s Vision**: Jensen Huang forecasts robotics and autonomous vehicles as next growth engines, envisioning "billions of robots and hundreds of millions of self-driving cars" powered by NVIDIA.  

- **Analyst Optimism**: Wedbush’s Dan Ives predicts a $4T cap this summer and $5T within 18 months.  

**Caveats:**  

- **Insider Selling**: Huang sold 225K shares ($33.2M) since June 20; execs offloaded $1B+ in stock over 12 months (half in June alone).  

- **Competition**: Clients like Meta, Alphabet, and Amazon are developing in-house AI chips, potentially reducing reliance on NVIDIA long-term.  

**Market Context:**  

The Nasdaq and S&P 500 also hit record closes (up 1.02% and 0.83%, respectively), fueled by NVIDIA’s 19% YTD rally post-earnings.  

*Disclaimer: Views are the author’s alone, not investment advice. Accuracy not guaranteed. No liability for losses.*