Nvidia uses AI boom to surpass Apple and Microsoft, becoming the most valuable company.

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Nvidia's stock price increase is related to the upcoming reorganization of the Technology Select Sector SPDR Fund, which will take place at the end of trading on Friday. At that time, Nvidia's weighting in the index will increase significantly. It is expected that the company's weight in the technology ETF will more than double to around 21%, on par with Microsoft, while Apple's weight will be reduced to around 4.5%. As a result, State Street Global Advisors, which manages the fund, will purchase $10 billion worth of Nvidia shares, and other funds tracking the index will also increase their investments in Nvidia accordingly.

Furthermore, Nvidia's market value has been boosted due to Rosenblatt Securities' bullish adjustment on Nvidia stock, raising its target price from $140 to $200, anticipating a nearly 50% increase from the current price. This price target increase reflects optimistic expectations for Nvidia's future earnings. Rosenblatt expects Nvidia's earnings per share to exceed $5 by 2026, further enhancing its market share, especially in existing and upcoming AI chip sectors.

Several of Nvidia's chips, including Hopper, Blackwell, and Rubin, are expected to continue helping the company increase its market share, particularly in AI-related infrastructure. Rosenblatt added that future market share growth will also be achieved in the "adjacent networking switch/NiC/DPU fields." However, the true future narrative lies in its software, which will complement all the hardware advantages.

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