Nvidia has rebuilt the optimism around its stock, which was dented earlier this year when a breakthrough by China’s DeepSeek led to concerns about the durability of Nvidia’s dominant position in the global AI infrastructure market. That event wiped nearly $600bn from the company’s market value.

How the stock reached a new all-time closing high and reclaimed its spot as the largest company by market capitalization.

Nvidia stock price closed 4.33% higher at $154.31 apiece, lifting Nvidia’s market capitalisation to approximately $3.77 trillion. The chipmaker overtook Microsoft Corp., which ended the session with a valuation of $3.