New Delhi, July 3 -- Nvidia's share price has rebounded sharply from its April lows, recording an over 60% rally to record high levels above $158 mark for the first time earlier this week. For the year, the chipmaker has gained 28% and is up 17% on a year-to-date basis.
This sharp rally has pushed Nvidia to reclaim the title of the world's most valuable stock, with a market capitalisation of $327 trillion, beating Microsoft's $311 trillion. Apple remains at a distant third with $270 trillion in m-cap.
After some turbulence in the first half of the year amid fears of Chinese artificial intelligence (AI) company DeepSeek and Donald Trump's tariff announcements, Nvidia shares have come unscathed, led by strong demand for its AI chips.
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