Nvidia stock hits record high, nearing Apple's market cap, with potential $4-5 trillion market cap

From Yahoo Finance: 2025-07-03 13:17:00

Nvidia stock (NVDA) hit a record high, rising 1.3% and nearing Apple’s market cap. The AI chipmaker’s market cap reached $3.92 trillion, just shy of Apple’s $3.915 trillion record. Nvidia’s success continues despite US restrictions on Chinese chip use, with shares up 19% in 2025.

Analyst Dan Ives predicts Nvidia could reach a $4 trillion market cap this summer and potentially $5 trillion within 18 months. He believes tech stocks will thrive due to massive growth in AI technology spending by enterprises and governments, underestimating the potential impact.

Short seller Jim Chanos warns of an AI bubble similar to the dot-com era, highlighting the risk of revenue streams collapsing if investments are pulled back. Chanos cautions that despite the current success of AI companies like Nvidia, the market may be underestimating the potential risks in the future.

Read more: Nvidia stock closes at record as AI chipmaker nears being crowned most valuable company in history