Nvidia's stock has surged to a record high, reaching $1,140 per share and a market cap of $2.8 trillion. This rise places Nvidia just 5% away from surpassing Apple as the second-largest company in the world. The company's stock has increased by 130% year-to-date and is up 6.9% today. Nvidia's market value now exceeds the combined market caps of Meta, Tesla, Netflix, AMD, Intel, and IBM. The surge follows Nvidia's Q1 2024 earnings, which broke all previous records. Nvidia's market cap increase of $484 billion over the last three sessions alone would make it the 15th largest company in the S&P 500. The company's rapid growth is attributed to its dominance in the AI chip market, with analysts revising their estimates upwards. Nvidia is currently trailing behind Microsoft with a market cap of $3.18 trillion and Apple at $2.93 trillion.