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Nvidia could be poised to become the most valuable company in history, as its market value nears $4 trillion.

Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.

Now, Nvidia is obviously not the sole beneficiary here, but it is the biggest. A significant chunk of that $300 billion will go toward purchasing Nvidia's uber-powerful AI chips.