Nvidia Reaches $4 Trillion Market Capitalization
Nvidia (NVDA) has become the first publicly traded company ever to achieve a $4 trillion U.S. market capitalization.
The chipmaker’s stock rose 2% on July 9 to hit the $4 trillion U.S. milestone.
The company’s share price has boomed since the mid-April stock market bottom as investors pile back into the artificial intelligence (A.I.) trade.
Nvidia is now the world’s most valuable public company, surpassing Microsoft (MSFT) and Apple (AAPL), which each have a $3 trillion U.S. market cap.
Silicon Valley-based Nvidia, which was founded in 1993, only achieved a $1 trillion U.S. market capitalization in June 2023.
It surpassed the $2 trillion U.S. mark in February 2024 and hit $3 trillion U.S. in June of this year. The rapid growth of the company’s market value showcases the stock’s meteoric rise.
Nvidia’s stock has marched steadily higher as demand for it’s A.I. hardware and microchips power its financial results.
The company is the world leader in the market for graphics processing units (GPUs) that power the large language models behind A.I. models and applications.
Most recently, Nvidia reported 63% year-over-year profit growth for the fourth quarter of 2024 as sales of its microchips and processors accelerate.
While the company’s stock dipped at the start of the year and fell below $100 U.S. a share during the April tariff selloff, it has since risen 73% from a low reached on April 4.
NVDA stock is currently trading near an all-time high on a split-adjusted basis of $164.42 U.S.
