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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, Nvidia reached an unprecedented market valuation of $4 trillion, with its shares climbing more than 2 percent to a record high of $164.
- This milestone followed Nvidia's rapid growth driven by explosive demand for AI hardware, despite investor fears caused by a Chinese discount AI model and U.S. tariff announcements.
- Founded in 1993 and based in Santa Clara, Nvidia invented the GPU in 1999, and its specialized chips now power generative AI systems like ChatGPT and Google Gemini.
- Nvidia's revenue surged 69 percent to $44.1 billion with an $18.8 billion profit as its GPUs perform billions of matrix multiplications critical for AI tasks, making the CUDA platform a de facto standard.
- Nvidia's unprecedented valuation reflects deep market confidence amid the AI boom, suggesting continued influence on technology sectors and broader economic trends despite global uncertainties.
443 Articles
443 Articles
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Nvidia hits $4T market valuation
Nvidia on Wednesday became the first company in history to reach a $4 trillion valuation. The market cap milestone for the US firm, which makes hardware to power the artificial intelligence boom, marks a rebound from earlier this year, when the rise of Chinese AI startup DeepSeek caused Nvidia’s shares to dip. The achievement also comes despite US chip export restrictions that have dented sales to China. But the company is still signaling its co…
The US company Nvidia has written stock market history: As the first company in the world, the chip manufacturer reached a stock market value of more than four trillion dollars. [more]]>
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