Nvidia First to Hit $4 Trillion Market Cap
Nvidia becomes first company to hit $4 trillion market cap, surging 1500% in 5 years amid AI boom. Stock rose 70% since April tariff concerns.
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Nvidia has become the first company to reach a valuation of $4 trillion.
The chipmaker's stock rose as much as 2.5% on Wednesday, surpassing Apple's previous market cap record of $3.9 trillion set in December 2024. The artificial intelligence giant's stock later closed at $162.88, bringing the company's market value back down to $3.97 trillion.
Nvidia's stock has risen more than 70% from its low on April 4, when U.S. President Donald Trump announced global tariffs, causing global stock markets to be severely hit.
Technology analyst Dan Ives called Wednesday's milestone a "major historical moment for the American tech industry."
This record-breaking valuation comes as tech giants like OpenAI, Amazon, and Microsoft are racing to invest hundreds of billions of dollars in building massive data centers to drive the AI revolution. All of these companies are using Nvidia chips to power their services, although some are also developing their own chips. According to average analyst forecasts compiled by Bloomberg, these companies are expected to invest approximately $350 billion in capital expenditures over the next few fiscal years, up from $310 billion in the current fiscal year. These companies contribute more than 40% of Nvidia's revenue.