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Nvidia passed Apple in market cap on Wednesdayas investors continue betting on the chipmaker behind the artificial intelligence boom. It is now the second-most valuable public company, behind Microsoft.
Five years ago, Nvidia CEO Jensen Huang owned a stake in his chipmaker worth roughly $3 billion. After Thursday's rally, which pushed the stock to a record, his holdings now stand at more than $90 billion.
Nvidia's historic rally is being driven by its data center business, which grew at a whopping 427% in the latest quarter as companies keep snapping up its artificial intelligence processors.
Nvidia shares topped $1,000 for the first time in extended trading on Wednesday after the chipmaker reported fiscal first-quarter results that topped analyst estimates.
At the start of last week, OpenAI's technology chief personally thanked Nvidia CEO Jensen Huang for "bringing us the most advanced" chips needed to run the demo for a presentation the company delivered on its latest artificial intelligence models.
Dell shares rose more than 9% on Wednesday to an all-time high after Morgan Stanley raised its price target and predicted that the company would rake in sales from the insatiable demand for artificial intelligence servers.
Apple and Google announced Monday that updated iPhones and Android phones will show alerts warning users that there is a wireless location tracking device nearby, in case the user was not aware they were being tracked and wants to stop it.
Apple took on Thursday the unusual step of apologizing for a short advertising video promoting the company's new iPad Pro tablet after the ad was roundly criticized on social media.