How the stock reached a new all-time closing high and reclaimed its spot as the largest company by market capitalization.

Several Japanese chip stocks also rose as Nvidia reclaimed the title of the world's most valuable company.Chip stocks in Asia rose Thursday, after artificial intelligence darling Nvidia's shares hit a record close to reclaim the title of the world's most valuable company.

Nvidia shares rose to an all-time high on Wednesday, with the leader in artificial intelligence (AI) chips extending an advance that has cemented its position as one of the most valuable companies in the world.