Nvidia (NVDA) Stock: AI Chip Leader Edges Closer to Apple’s Market Cap Amid Saudi Partnership Surge
Market Rally Pushes Nvidia Past $3 Trillion Valuation
Nvidia’s stock surged by 6.4%, hitting an intraday high of $130.99 and lifting its market capitalization to $3.16 trillion—the highest level since February. This milestone places Nvidia within striking distance of surpassing Apple in the ongoing market cap race, firmly positioning the chipmaker among the top three most valuable companies in the world alongside Apple and Microsoft.
The sharp price movement was part of a broader rally across tech stocks, reflecting investor optimism in Nvidia’s future role as the cornerstone of global AI infrastructure.
Strategic Deal with Saudi-Backed AI Firm Fuels Optimism
The rally follows the announcement of a landmark partnership between Nvidia and Humain, an artificial intelligence startup backed by Saudi Arabia’s Public Investment Fund (PIF). Under the agreement, Nvidia will supply 18,000 GB300 Grace Blackwell chips—its latest generation of AI semiconductors.
These chips are slated for deployment in AI infrastructure projects across Saudi Arabia, beginning with a 500-megawatt data center buildout. This initiative represents a major technological investment by Saudi Arabia and highlights the global demand for Nvidia’s advanced hardware in powering large-scale AI operations.
US-Saudi Tech Collaboration Expands
The Humain-Nvidia partnership is part of a broader economic alliance between the U.S. and Saudi Arabia, which includes a reported $600 billion investment from Riyadh into American AI and energy sectors. The massive capital deployment underscores Saudi Arabia’s ambitions to become a dominant player in the global AI economy—and Nvidia is emerging as the central hardware supplier in that vision.
This collaboration also reinforces the geopolitical trend of AI technology forming the new cornerstone of global influence, and highlights Nvidia’s rising relevance not just in Silicon Valley, but on the international stage.
Nvidia Rejoins the $3 Trillion Club—Despite Early-Year Volatility
Nvidia’s return to the $3 trillion club is especially notable considering that the company’s stock was down 2.5% year-to-date just weeks ago. Earlier in 2025, Nvidia’s shares struggled amid global tariff uncertainty and profit-taking from institutional investors following its explosive 2024 rally.
However, renewed optimism around AI growth and high-profile deals such as the Humain partnership have helped the chip giant regain momentum. Institutional flows are beginning to favor AI infrastructure providers again, with Nvidia at the top of that list.
Tech Market Ripple Effect: Nasdaq and S&P 500 Respond
The ripple effects of Nvidia’s rally extended across broader U.S. equities:
- The Nasdaq Composite rose 2%, lifted by strength in tech and semiconductor stocks.
- The S&P 500 gained 1%, showing a more modest rise as investors continue to rotate into AI-focused assets.
This performance signals investor confidence not only in Nvidia but in the sustainability of the AI-driven bull market that began in late 2023.
Final Thoughts
Nvidia’s rebound to a $3.16 trillion valuation is more than just a market move—it’s a signal that the next phase of the AI revolution is going global. With partnerships in Saudi Arabia, critical chip supply dominance, and a stronghold on institutional sentiment, Nvidia is no longer just a chip company. It is rapidly becoming a geopolitical and technological superpower.
If its current trajectory continues, Nvidia could soon leapfrog Apple to become the world’s most valuable publicly traded company—cementing its role as the ultimate AI infrastructure provider for the decade ahead.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. All investments in equities or digital assets carry risk. Always conduct independent research or consult with a financial advisor before making financial decisions.
