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Nvidia Returns to $3 Trillion Club as Stock Surges on Saudi AI Partnership

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Nvidia shares rose nearly 6% to close just under $130 on Tuesday .

The gains put Nvidia ’s market capitalization at nearly $3.2 trillion , more than every other U.S. company aside from Microsoft and Apple .

The company lost about $1.3 trillion in value between early January and early April as Wall Street questioned both the economics of AI and how President Trump 's trade war with China would affect sales.