Fast Technology News on August 1, after falling 7% in the previous trading day, NVIDIA's share price surged by nearly 13% during Wednesday's intraday trading, with its market value increasing by a staggering $329 billion (approximately 2.4 trillion yuan) in a single day, setting a new record for the largest single-day increase in market value for an individual stock.

NVIDIA has already occupied the top three positions on the list of daily market value increases in U.S. stocks. Previously, on February 22 and May 23, NVIDIA's daily market value increased by $276.6 billion and $217.7 billion, respectively.

This significant fluctuation in share price is closely related to positive news from NVIDIA's major customer Microsoft and competitor AMD.

Microsoft CEO Satya Nadella and CFO Amy Hood stated in their earnings report released on Tuesday that the company plans to invest more in NVIDIA-based infrastructure next year, which greatly boosted market confidence in NVIDIA.

In a research report, Morgan Stanley stated that considering NVIDIA's recent market sell-off, they believe it presents a good entry opportunity for interested investors and have therefore reinstated NVIDIA as their top pick.