Surging 59% this year! AI "shovel seller" NVIDIA's market value approaches $2 trillion, causing short sellers to lose $3 billion overnight.

NVIDIA is set to become the first semiconductor company with a valuation of $2 trillion. Before the U.S. stock market opened on Friday, NVIDIA's stock price rose by 2.7%, following a surge of over 16% in the previous trading day, leading to a staggering increase in market value by $277 billion to $1.96 trillion, marking the highest single-day market value increase in U.S. stock market history. NVIDIA's stock price has risen by 59% since the beginning of this year, solidifying its position as the world's fourth-largest company by market capitalization. NVIDIA previously announced a surge in performance, reinforcing Wall Street's bet on its potential in artificial intelligence technology.