NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) officially joined the Dow Jones Industrial Average on Friday, underscoring the artificial intelligence (AI) chipmaker's rising prominence in the tech sector and AI-driven economy.
The stock is set to close the week with a gain of roughly 9%, bolstered by demand for Nvidia's AI chips.
Nvidia’s surge has lifted its market capitalization to $3.6 trillion, surpassing Apple, now valued at $3.4 trillion, to make it the world's most valuable company.
Despite a broader sell-off in semiconductor stocks, Nvidia’s market ascent illustrates its growing influence amid high demand for AI computing power. The company has repeatedly brushed off concerns about an “AI bubble,” demonstrating resilience as analysts remain optimistic about its trajectory.
Shares were trading at $147.36 on Friday.