Nvidia's recent earnings report has propelled the company's stock to unprecedented heights, driving significant gains across global stock markets. The AI chipmaker's stock surged by up to 16.4%, reaching a new all-time high above $780, following the announcement of its fourth-quarter financial results, which far exceeded Wall Street's expectations. Nvidia's impressive performance was underpinned by a forecasted revenue of $24 billion for the current quarter, attributed to strong demand for its AI chips, marking a 265% revenue jump. This bullish outlook has not only boosted Nvidia's market cap by over $312 billion in a single day but also set it on a path to surpass a $2 trillion valuation, a first for any semiconductor firm. The company's success has had a ripple effect, lifting the S&P 500 and Dow Jones to new record highs and sparking a rally in AI and AI-adjacent tech stocks. Analysts have hailed Nvidia as 'jet fuel' for the stock market, with its valuation increase described as the largest single-session market value gain ever, surpassing Meta's historic gain. This achievement has ignited a renewed interest in AI technology, with Nvidia at the forefront of this burgeoning sector.