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On Thursday, Nvidia's shares surged to an unprecedented high, positioning the company as the first in history to exceed a market capitalization of $3.6 trillion, as Wall Street continued to benefit from the momentum generated by Donald Trump's return to the presidency.

The leading AI chip manufacturer experienced a 2.2% increase in its stock price, driven by widespread investor enthusiasm regarding anticipated tax reductions and deregulation following the Republican candidate's election win on Tuesday.

By the end of the trading day, Nvidia's market capitalization reached $3.65 trillion, surpassing Apple's previous record closing value of $3.57 trillion set on October 21.

This milestone occurred after Nvidia overtook Apple earlier in the week, becoming the world's most valuable company, as reported by LSEG data via Reuters.

Apple's shares also saw a rise of 2.1% on Thursday, resulting in a market value of $3.44 trillion. The S&P 500 technology index has experienced a remarkable increase of over 4% in the two trading sessions following Trump's electoral success.

Nvidia has emerged as the leading beneficiary in the competitive landscape among tech giants such as Microsoft and Alphabet, all vying to enhance their AI computing capabilities and establish dominance in this burgeoning sector.

In November alone, Nvidia's stock has appreciated by 12%, with its value tripling since the beginning of 2024. Analysts project that Nvidia will report a quarterly revenue increase of over 80%, reaching $32.9 billion, when it announces its financial results on November 20, according to LSEG.

Earlier this year, Nvidia briefly held the title of the world's most valuable company before being surpassed by Microsoft and Apple. The market capitalizations of these three tech giants have remained closely contested for several months. As of Thursday, Microsoft's market value was approximately $3.16 trillion, with its stock rising by 1.25%.