Nvidia becomes 1st company to clinch US$4 trillion value amid AI boom
The AI chip leader’s shares hit US$164, tripling its market value in about a year and surpassing Apple and Microsoft
Nvidia briefly reached a market capitalisation of US$4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favoured stocks.
Shares of the leading chip designer rose as much as 2.8 per cent to an all-time high of US$164.42, benefiting from an ongoing surge in demand for artificial intelligence technologies.
The company’s stock ended with a gain of 1.80 per cent, leaving it with a market value of US$3.97 trillion.
Nvidia’s soaring market value underscores Wall Street’s confidence in the rapid growth of AI, with the company’s high-performance chips forming the backbone of this technological advance.
“It highlights the fact that companies are shifting their asset spend in the direction of AI and it’s pretty much the future of technology,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in New York.
The stock’s recent rally follows a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector.
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