Nvidia hit a market value of $3.92 trillion on Thursday, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.

The 4th of July is a national holiday, and both the NASDAQ (where NVIDIA is traded under the stock symbol NVDA) and New York Stock Exchange are closed in observance of the holiday. So NVIDIA's next opportunity to make history is at the end of the trading day on July 7,

Nvidia's market cap briefly reached $3.92 trillion during intraday trading on Thursday, setting it on track to become the world's most valuable company in history.