New Delhi, July 9 -- NVIDIA share price hit a new all-time high on Tuesday, marking a year-to-date gain of 15.68 per cent. The company is now on the verge of surpassing Apple's record closing market capitalization of $3.915 trillion.

NVIDIA's shares were up over 1.11 per cent ended the day at $160 on July 8, and if the price rises above $160.46, it will set a new global market cap record. If NVIDIA's share price climbs to $163.93, it will become the first company ever to achieve a $4 trillion market capitalization.

The surge in NVIDIA stock is partly linked to reduced worries over U.S. regulatory restrictions, with other American chipmakers also seeing gains on Tuesday. AMD's shares increased by 2.24 per cent, Intel jumped 7.2 per cent,...