US EditionNvidia becomes first company to clinch $4 trillion in market value
UNITED STATES, JUL 9 – Nvidia's market cap surged 20% this year, driven by AI chip demand powering leading tech firms and generative AI growth, marking a major milestone in the semiconductor industry.
- On Wednesday in Santa Clara, California, Nvidia made history as the first publicly traded firm to achieve a market value exceeding $4 trillion.
- The company's rapid growth was propelled by soaring demand for its GPUs in AI servers, driven by the surge in generative AI technologies that gained momentum starting in late 2022.
- Nvidia's stock surged 2.5% to over $164, pushing its market cap past Apple, Microsoft, Amazon, and Google’s parent Alphabet.
- Brook Dane from Goldman Sachs commented that Nvidia's rise marks the beginning of a major technological shift not witnessed in many years, highlighting its impact on AI.
- Nvidia's achievement highlights its dominance in AI hardware, suggesting continued growth amid heavy AI infrastructure investments despite some uncertainties.
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AI Gold Rush: Nvidia Becomes First Company to Hit $4 Trillion Market Cap
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The incontestable dominance of its chips and a great strategic vision have driven the technology to the Olympus Stock Exchange, while opening a debate on a possible bubble in the sector of the AI Read
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