Nvidia soars to $4 trillion market capitalization, becoming the first publicly traded company to hit the mark. Surpassing Apple and Microsoft, the only other US companies with over $3 trillion market value, the Nvidia stock continues to shine as one of Wall Street’s favorites.
The AI chip titan’s stock peaked as high as 2.5% on Wednesday, to an all-time high of $164.
Earlier this year, Apple went on to top this list, hitting a market cap of about $3.9 trillion, but then kept plummeting amid US President Trump’s tariff chaos. Nvidia, however, jumped back about 74% from its April lows, switching roles with Microsoft as the world’s most valuable company and hitting the $4 trillion figure first.
Nvidia first accomplished the $1 trillion market value back in June 2023 and astonishingly tripled it in about a year. But the recent performance of the Nvidia stock comes despite its slow start to the year, when a Chinese low-cost AI model built by DeepSeek emerged, raising eyebrows on the necessity of the firm’s costly hardware and chips.
The US chipmaker rose to fame for its GPUs. Fast forward to today, the firm is leading the AI evolution, fueling data centers globally and powering firms like Amazon, Google, and Microsoft in building their AI models and cloud services.
Nvidia's stupendous AI rise has propelled CEO Jensen Huang to become the world’s 10th wealthiest person with a net worth of $140 billion as of Tuesday, according to Bloomberg Billionaire’s Index.
The company’s explosive growth underscores the very evident ballooning of AI across Silicon Valley and Wall Street’s strong belief in its profit-making potential. Nvidia reported $44.1 billion in total revenue for the first quarter. As for the second quarter, it forecasts revenue of $45 billion, plus or minus 2%.
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