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Nvidia reached a market value of USD 3.92 trillion putting it on track to become the most valuable company ever on Thursday (July 3). This massive rise is mainly because investors are very excited about the future of artificial intelligence (AI). Nvidia makes powerful computer chips that are widely used to train large AI models. As AI technology grows the demand for Nvidia’s advanced chips has skyrocketed helping the company’s value go up sharply. According to Reuters Nvidia’s latest chips are playing a key role in building the biggest AI systems in the world. With this new milestone Nvidia has crossed Apple’s previous record market value of USD 3.915 trillion which was set in December 2024. Right now: Nvidia is leading with USD 3.92 trillion Microsoft is in second place with USD 3.7 trillion Apple has dropped to third with a value of USD 3.19 trillion How Nvidia is leading the AI race While big tech companies like Google (Alphabet) Microsoft Amazon Meta and Tesla are all racing to become leaders in artificial intelligence (AI) it’s Nvidia that is quietly powering them from behind the scenes and winning big. These companies need powerful computer systems and AI data centers to build and run their smart technologies. To do that they rely heavily on Nvidia’s advanced chips which are specially designed to handle the huge amount of computing power AI needs. How Nvidia started? Nvidia didn’t start as an AI company. Its technology was originally made for video games especially for creating realistic graphics. But over time those same high-performance chips turned out to be perfect for training AI models like the ones used in chatbots driverless cars and image recognition. As demand for AI exploded Nvidia’s business took off. In just four years its market value jumped from USD 500 billion in 2021 to nearly USD 4 trillion in 2025 which is almost eight times its size. So while other tech giants are building the AI products you see Nvidia is building the engines behind them making it one of the biggest winners in the AI race. Nvidia is now bigger than all companies in Canada Mexico and UK combined Nvidia’s market value has reached such a high point that it is now worth more than all the publicly listed companies in Canada and Mexico put together according to data from LSEG. In fact Nvidia’s total worth is even higher than the combined value of all companies listed on the stock market in the United Kingdom. This shows just how massive Nvidia has become thanks to the growing demand for its AI chips. The company’s stock has also made a strong comeback. Since April 4 when it hit a recent low Nvidias share price has jumped by more than 68 per cent. The earlier dip happened when Wall Street reacted to new tariff announcements by former U.S. President Donald Trump which worried global markets. However stock prices including Nvidia’s bounced back after hopes grew that the U.S. government would work out new trade deals to reduce the effects of those tariffs.