Nvidia, a leader in the artificial intelligence (AI) semiconductor market, has regained its position as the world’s most valuable company by market capitalization. On June 3, 2025, Nvidia’s stock closed at $141.22 on the Nasdaq, rising 2.8% from the previous day, reaching a market value of $3.444 trillion. This surpassed Microsoft, which saw a 0.22% gain, valuing it at $3.441 trillion. This milestone marks Nvidia’s return to the top spot, last achieved on January 24, 2025.

The Nvidia logo is displayed at the Taipei Music Center in Taipei, Taiwan, on May 19, where Nvidia CEO Jensen Huang delivered the first keynote speech of Computex 2025.

The semiconductor industry, previously impacted by concerns over an AI infrastructure bubble, is experiencing renewed growth driven by strong earnings from major technology companies. Nvidia, dominant in high-end chips for AI data centers, faced challenges when U.S. export restrictions blocked its H20 AI chip shipments to China, leading to a stock low of $94 on April 4, 2025. The company reported a $4.5 billion write-down in the first quarter due to these curbs, despite exceeding profit expectations.

Investor confidence has improved following indications of a potential phone call between U.S. President Donald Trump and Chinese President Xi Jinping in early June 2025, suggesting possible easing of trade tensions. Dan Ives, an analyst at Wedbush Securities, stated last month: “China-U.S. trade progress is setting up a dream scenario for the tech sector, with Nvidia as its biggest winner.” This optimism has fueled Nvidia’s stock recovery.

Concerns about AI infrastructure investments have also subsided. Strong first-quarter earnings in AI-related businesses have prompted renewed investments. Amazon plans to allocate $100 billion to AI and cloud infrastructure in 2025, a 20.5% increase from $83 billion in 2024. Microsoft, after scaling back, announced an $80 billion investment in AI infrastructure following a 33% year-over-year rise in first-quarter cloud revenue. Other semiconductor companies, including AMD (up 2.34%), Intel (2.79%), Micron Technology (4.15%), and Broadcom (3.27%), also saw gains on the Nasdaq on June 3, 2025.

Nvidia’s resurgence is expected to benefit its partners. At a shareholder meeting on June 2, 2025, TSMC Chairman and CEO Che Chia Wei said: “AI demand remains strong,” forecasting record earnings. Companies like SK hynix, which supplies high-bandwidth memory, and Samsung Electronics, providing memory for lower-spec chips, are also poised to gain if AI chip demand grows. On June 4, 2025, SK hynix shares rose 6.39% to approximately 220,000 won, and Samsung Electronics increased 1.23% to about 57,500 won.

This development highlights Nvidia’s pivotal role in the AI semiconductor market and its potential to drive growth across the global technology sector.