Options Market Statistics: Nvidia Closes with $2 Trillion Valuation as AI Market Frenzy, Options Pop

Nvidia's stock market value closed above $2 trillion for the first time on Friday after an upbeat report from Dell Technologies reignited Wall Street's AI-fueled rally.

Nvidia's stock added 4% after Dell, which sells high-end servers made with Nvidia's processors, gave an upbeat forecast late on Thursday, pointing to a surge in orders for its AI-optimized servers.

Friday's rally put Nvidia's market capitalization at $2.06 trillion, making it Wall Street's third most valuable company behind Microsoft and Apple, at $3.09 trillion and $2.77 trillion, respectively.

Super Micro Computer, another company that sells servers made with Nvidia's chips, jumped 4.5%.

Shares of Advanced Micro Devices and Dell Technologies are moving in pre-market trading as the AI rally continues to ride high. AMD has reached a $300 billion market valuation, while Dell has received new orders for one of its chips. Shipping for the novel technology will begin this quarter, according to a note from Melius Research.

Shares of Palantir Technologies Inc. slumped 0.60% to $24.93 Friday, closed $0.60 short of its 52-week high ($25.53), which the company achieved on February 12th.

On Friday, William Blair maintained an Underperform rating on Palantir Technologies Inc. , with a focus on the company's involvement in the Maven Smart System, a project used for weapons system targeting. A recent Bloomberg story highlighted the deployment of the system, which uses Palantir's software integrated with third-party algorithms, including Google's TensorFlow machine vision AI model.