Nvidia 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, the Santa Clara-based company Nvidia achieved a historic market valuation of $4 trillion, marking the highest market capitalization ever reached by a publicly traded firm.
- The market value surge followed rapid growth driven by feverish demand for Nvidia's AI chips and a rally after a sluggish start to the year.
- Nvidia reported a 69% revenue increase to $44.1 billion and a profit of $18.8 billion, fueling investor confidence despite tariff and inflation concerns.
- Shares rose as much as 2.5% to an all-time high of $164, marking a 1500% market value increase over five years amid the AI boom.
- This milestone highlights Wall Street's strong confidence in AI's growth and Nvidia's central role, with the company expected to report further strong results next month.
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