US Edition
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.
476 Articles
476 Articles
Nvidia made history by being the first company to reach $4 billion in stock market value: artificial intelligence continues to bear fruit
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Nvidia has reached a historic milestone by becoming the first company in the world to exceed $4 trillion in market capitalization. But is that good news for investors?
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