Nvidia exceeds $3.6 trillion market value

Shares of Nvidia registered a record growth, as a result of which the chip maker became the first in history, the market value of which exceeded 3.6 trillion dollars, reports Reuters․

Shares in the artificial intelligence chip maker rose 2.2% on Thursday, boosted by investors' optimistic expectations of tax cuts and looser regulations following Republican presidential candidate Donald Trump's victory in the US presidential election.

The market value of Nvidia's stock was $3.65 trillion at the end of the day, surpassing Apple's high of $3.57 trillion, which was recorded on October 21. Nvidia has actually overtaken Apple to become the world's most valuable company, according to LSEG.

Apple shares also rose 2.1% on Thursday, giving the company a market value of $3.44 trillion.

At the moment, Nvidia is the largest company on the US stock market and is winning the race between Microsoft, Alphabet and other heavyweights. The company's shares rose 12% in November, tripling in value this year.

After this year's gains, Nvidia's market value now exceeds that of Eli Lilly, Walmart, JPMorgan, Visa, UnitedHealth Group and Netflix combined.

Analysts predict that Nvidia will increase its quarterly revenue by more than 80% to $32.9 billion when it reports its results on November 20;

In June, Nvidia briefly became the world's most valuable company, before being overtaken by Microsoft and Apple.

Microsoft's market value is about $3.16 trillion, and its stock rose 1.25% on Thursday.