U.S. chipmaker Nvidia has reclaimed its title as the world’s most valuable company after its shares surged to a record high.
The stock closed at $154.31 on Wednesday, up 4.3%, lifting its market value to $3.77 trillion—overtaking Microsoft once again.
This new peak beats Nvidia’s previous record closing of $149.43, set on 6 January.
Nvidia dominates the market for graphics processing units (GPUs), which are crucial for powering artificial intelligence tasks and building large language models. But the pace of this year’s gains has surprised many, especially given the company’s lack of access to China—once a key market.
In recent months, Nvidia has faced growing restrictions from the U.S. government, including fresh export controls announced in April by the Trump administration. These rules blocked sales of Nvidia’s H20 AI chip, which had been redesigned to meet earlier limits.
As a result, Nvidia had to write down $4.5 billion in inventory and warned that the China restrictions would cost it around $8 billion in lost sales. The company says it is currently not relying on any revenue from China.
Despite this, Nvidia’s May earnings revealed a 69% jump in year-over-year sales, with its data centre division—which supports AI development—up 73%.
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Germany's parliament approved on Thursday the nation's first annual budget since sweeping reforms to loosen fiscal rules were passed earlier this year, securing record investments to revive the economy while committing to an increase in defence spending.
Ukrainian troops and engineers will train their Polish counterparts in a joint group on countering drones, Ukraine's defence minister Denys Shmyhal said on Thursday, a week after Russian drones flew into Poland.
The Ambassador of Afghanistan to Russia, Ghulam Hassan, has met with Zamir Kabulov, Moscow’s Special Envoy for Afghanistan, to discuss deepening ties and regional engagement, the Afghan embassy in Moscow said on Wednesday.
FBI chief Kash Patel told the U.S. Senate on Tuesday there was “no credible information” that Jeffrey Epstein trafficked women or underage girls to anyone but himself, as he defended the bureau’s decision to close its review.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Palaeontologists in Peru unveiled the fossilized skeleton of an ancient, dolphin-like creature estimated to be between 8 and 12 million years old.
China has entered the United Nations’ annual list of the world’s ten most innovative nations for the first time, displacing Germany, Europe’s largest economy, as companies in Beijing ramp up investment in research and development.
Microsoft and OpenAI announced Thursday a non-binding deal outlining terms that would allow OpenAI to restructure into a for-profit company, marking a key step in the high-profile partnership fueling ChatGPT’s growth.
The U.S. Federal Trade Commission has launched an inquiry into seven technology companies over how their AI chatbots interact with children, amid rising concerns about safety and mental health risks.
Nvidia (NVDA.O) announced on Tuesday that it plans to release a new artificial intelligence chip by the end of next year, designed to manage complex tasks like video creation and software development.
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