Asianfin -- Nvidia’s stock surged by up to 5% on Wednesday, reaching a record intra-day high of $146.47. This jump propelled Nvidia’s market valuation to $3.58 trillion, securing its position as the largest company globally, surpassing Apple after closing on Tuesday.

This marks the first time Nvidia has held the top spot among the most valuable companies since late October.

The surge in Nvidia’s stock occurred amid a broader rally in the tech sector, spurred by Donald Trump’s election victory, with the Nasdaq 100 rising nearly 3%.

Nvidia’s gains significantly outpaced those of Apple, which saw a modest 0.12% rise by 3:05 p.m. ET.

With a market value of around $3.38 trillion, Apple is now the second-largest company, trailing Nvidia by approximately $200 billion. Microsoft follows as the third-largest, with a valuation of $3.12 trillion.

In the two years since the launch of ChatGPT, Nvidia’s shares, which power AI-driven technologies with their GPUs, have added nearly $3.2 trillion to the company's market value—an increase of about 800%.