Largest company by market cap on August 31Nvidia’s stock has been positively impacted by SpaceX’s recent earnings announcement, as the aerospace company reported a significant 92% increase in revenue year-over-year for the second quarter of 2026. The upward movement in Nvidia’s stock is attributed to SpaceX’s plans to exclusively build its AI infrastructure using Nvidia chips. AdvertisementKey TakeawaysMarkets suggest that Nvidia’s strategic partnership with SpaceX is consistent with increased support for its market cap growth. The partnership with SpaceX on AI infrastructure appears to have bolstered Nvidia’s standing in prediction markets regarding its potential to become the largest company by market cap. Nvidia’s market outlook is further supported by strong AI infrastructure orders, aligning with recent trends in tech sector growth.