NVIDIA's return to the top spot in global market value is not surprising. In fact, many people had already predicted that NVIDIA would surpass traditional tech giants like Apple, Microsoft, and Google to become the new leader. This is primarily due to the soaring demand for AI development, which represents the correct development trajectory and demand. As the only manufacturer currently capable of providing high-performance chips, NVIDIA has secured numerous orders, contributing to its impressive growth in performance. Investors' decision to invest in such a company and enter the market to grab shares is therefore entirely predictable.

Furthermore, in addition to chips, NVIDIA has also ventured into various directions, continuously increasing its investment in the AIGC market. This is a benign approach to expanding its ecosystem. The recent investment in OpenAI by NVIDIA in collaboration with Microsoft is a prime example. Interestingly, Apple declined to participate in this investment, citing doubts about the return on investment in OpenAI. Perhaps this is yet another regrettable misstep in Tim Cook's decision-making, which may haunt him in the future.

Data from LSEG shows that NVIDIA's market value once reached $3.53 trillion, surpassing Apple's $3.52 trillion. However, by the end of trading, its market value slightly declined to $3.47 trillion, falling short of Apple's. So far this year, NVIDIA's share price has surged by nearly 190%. Although it surpassed Apple intraday, it is expected to reclaim the top spot soon, establishing itself as the new leader.

NVIDIA's soaring market value is primarily fueled by the robust demand for specialized AI chips. In fact, as early as June this year, NVIDIA briefly topped the global rankings before being overtaken by Microsoft and Apple. The market values of these three tech giants have been neck-and-neck for several months, collectively accounting for approximately one-fifth of the S&P 500 index's weight. In comparison, companies like Google and Meta lag behind, indicating where the market's dominant forces and hotspots lie. If Apple's AI Intelligence fails to perform well in the future, it is highly likely that it will be surpassed by NVIDIA or even Microsoft.

NVIDIA's share price has soared by nearly 190% this year. Specifically, the stock gained approximately 18% in October, with even more significant gains following OpenAI's announcement of a $6.6 billion funding round. On Friday, data storage manufacturer Western Digital reported quarterly earnings that exceeded analysts' expectations, further boosting optimism about demand for data centers and driving up NVIDIA and other semiconductor stocks. More importantly, this represents the direction and expectations for future development, ensuring sustained investment momentum and laying a solid foundation for NVIDIA's performance growth.

Some analysts believe that as more companies adopt AI in their daily operations, demand for NVIDIA's chips remains strong. As long as the United States avoids a major economic recession, companies are expected to continue investing heavily in AI capabilities, providing a strong growth impetus for NVIDIA. This positive outlook has fueled NVIDIA's share price surge, attracting investors and stimulating buying interest. Consequently, some predict that NVIDIA's performance in the short term may be astonishing. The accumulation of these factors has contributed to the growth of NVIDIA's market value, and this positive outlook is expected to persist in the future.