Nvidia shares briefly topped $144 intraday on Friday, and Market Cap climbed to $3.53 trillion, surpassing Apple's $3.52 trillion to become the world's highest Market Cap company. What factors are driving Huida's share price to record highs? (Synopsis: Nvidia Market Cap breaks 3.5 trillion magnesium into "second in history"!) Bank of America raises target price to $190, overtaking Apple? (Background added: Worldcoin partners with NVIDIA to launch a new generation of Orb!) After changing its name to World Network, it is announced to land in Taiwan) After electric vehicle manufacturing leader TSL released its bright third-quarter earnings report, its stock price rose 22% on Thursday and rose 3.36% on Friday, driving technology stocks generally higher and helping the Nasdaq index hit a new high again. Encouraged by this, TSL chip supplier Nvidia also performed well, and its Market Cap briefly overtook Apple on Friday to become the world's highest market cap company. Huida Market Cap once reached 3.53 trillion magnesium According to Yahoo Finance data, Huida's stock price broke through $144 intraday as high as $144 on the 25th, and Market Cap climbed to $3.53 trillion, surpassing Apple's $3.52 trillion. However, at the close, Huida shares fell slightly to $141.54, Market Cap shrank to $3.47 trillion, Apple rose slightly by 0.4%, and Market Cap stabilized at $3.52 trillion, regaining the top spot in Market Cap. In fact, Huida briefly became the world's highest market cap company in June this year, but it was quickly surpassed by Microsoft and Apple, and the market cap rankings of these technology giants are constantly changing. TSL increases procurement of Huida chips As for one of the reasons for the strong rise of Huida's stock price, it may be related to its major customer TSL's plan to significantly expand AI capacity to support the training of self-driving car systems. CEO Musk said at the earnings conference that the Texas Gigafactory has installed 29,000 sets of AI servers with Huida H100 chips, and plans to add more than 70% by the end of October, bringing the total to 50,000 sets for training AI systems that support TSL's fully automated driving assistance (FSD). Musk has previously revealed that TSL expects to invest $10 billion in AI-related capital expenditures this year, half of which will be used for internal development, focusing on home-designed AI inference computers, vehicle sensors and supercomputers "Dojo". To fund these developments, about two-thirds of TSL's budget is spent on purchasing Huida chips. In addition, the latest quarterly earnings of memory giant Western Digital were better than market expectations, boosting optimism about data center demand and driving Huida and other semiconductor stocks stronger. The Philadelphia Semiconductor Index rose 55.22 points or 1.07% on Friday, closing at 5212.83. As TSL and the global market demand for Huida AI chips continues to rise, Huida's stock price has repeatedly reached new highs. Experts are optimistic about Huida's future future, pointing out: "As more and more companies introduce AI capabilities into their daily operations, demand for Huida chips will remain strong. As long as the U.S. economy can avoid downside risks, it is undoubtedly the sweet spot for Huida at present, as companies will continue to increase AI investment, which will help Huida's share price continue to rise." Economist Brian Jacobsen also added that TSL's data has reignited investor optimism, suggesting that the rise of the tech seven may not be over yet. Looking ahead to next week, the market will follow a series of important events, especially the US non-farm payrolls data for October and the earnings reports of the top five companies in the tech seven, including Alphabet, Amazon, Apple, Meta and Microsoft. This information will reveal whether the U.S. economy is at risk of recession and could signal the Fed's future policies. If the performance of technology stocks continues to be strong, it may further boost Huida's share price. Related reports Huang Jenxun smiled! In response to AMD, Intel formed an x86 alliance to fight Nvidia and Arm: they did very well AMD released a new chip MI325X to fight Huida; But Nvidia Blackwell's orders in the next 1 year have exploded Nvidia involved in "concealing miners buying GPUs" more than $1 billion in revenue, the U.S. Department of Justice and the SEC support the class action lawsuit Huida "Huida Market Cap once surpassed Apple to the top! TSL expands chip procurement assistance, experts: avoiding this risk is expected to continue to rise" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".