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 July 9, Nvidia, Californian AI chipmaker, became the first public company to hit a $4 trillion market cap, marking a historic milestone in its growth.
- Driven by soaring demand for Nvidia’s AI chips, the generative AI boom propelled the company to a $4 trillion market cap milestone.
- Nvidia shares increased 2.5% to a record high, with revenue at $44.1 billion—up 69%—and IDC projects over $200 billion in AI infrastructure spending by 2028.
- Nvidia becomes the world’s most valuable company, surpassing Microsoft and Apple, and now holds 7.3% of the S&P 500, reflecting its dominant market impact.
- Future projections indicate Nvidia's CEO Jensen Huang sees significant growth, with Loop Capital analysts estimating a $6 trillion market cap by 2028.
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Riding the wave of artificial intelligence, the chipmaker has tripled its value in just one year, overtaking rivals like Apple and Microsoft.
Nvidia becomes first company to hit $4 trillion market value
Nvidia became the first company to reach $4 trillion in market value on Wednesday, a new threshold in Wall Street's bet that artificial intelligence will transform the economy. Shortly after the stock market opened, Nvidia, which is led by electrical engineer Jensen Huang, vaulted as high as $164.42, giving it a valuation above $4 trillion before retreating slightly. "The market has an incredible certainty that AI is the future," said Steve Sosn…
Nvidia's AI-powered rise to a $4 trillion market cap, in 3 charts
Mustafa Yalcin/Anadolu via Getty ImagesNvidia's surge has stunned investors since ChatGPT ignited the AI boom at the end of 2022.On Wednesday, the chipmaker became the first $4 trillion company.These three charts illustrate Nvidia's rise to stock-market dominance.Nvidia's rise since the debut of ChatGPT in November 2022 has been stunning.Shares of the chipmaker—known mostly for gaming hardware prior to the AI boom—embarked on a dizzying rally si…
Nvidia, the world's first $4T company? In Durham, and hiring
The Center Square) – Amid the talk of new jobs coming to North Carolina from businesses large, small and of varying industry, the first public company on the planet topping $4 trillion in value Wednesday arrived decades ago.
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