NVIDIA has once again become the most valuable company in the world and reached a record market capitalization of $3.65 trillion, Reuters reports.

NVIDIA achieved this result after Donald Trump won the US presidential election. The company’s shares rose by 2.2%. Investors are optimistic about the Republican victory in the November 5 election. They believe this could mean lower taxes and regulations.

As of November 8, 2024, NVIDIA’s market value is $3.65 trillion. This surpassed the previous record of $3.57 trillion set by Apple on October 21, 2024. Currently, Apple’s market value is $3.44 trillion.

In addition, analysts believe that NVIDIA will increase its quarterly revenue by more than 80% in its next financial report, which will be published on November 20. The company is expected to earn $32.9 billion.

We would like to remind you that NVIDIA surpassed Microsoft and Apple for the first time and became the most valuable company in the world in June 2024. The company’s success over the past year is due to the high demand for AI chips.