NVIDIA, the world leader in chips and associated AI software, hits a new high with $4 trillion in market value.
In the past few years, AI has conquered the marketplace. With its explosive rise, it has fundamentally become an integral component of our daily lives, from personal to professional.
With its promises to afford convenience, artificial intelligence has transformed the mundane. It has offered a glimpse into the unimaginable future – one where innovation and comfort converge. It’s a future every business leader has enthusiastically been investing in.
Amidst this curiosity, several have joined the AI race, further propelling the ongoing demand for AI technology.
And the result?
NVIDIA is now the first public company to achieve $4 trillion in market value. Meanwhile, the share price of the chip designer rose to $164, i.e., almost 2.4%.
In June 2023, the company hit $1 billion in market value for the first time. And since then, the surge in its market value has remained unabated. Now, the market value has tripled within a year, faster than Apple and Microsoft.
For NVIDIA, this is a huge bounce-back from its April lows – almost 74%, given how the world’s marketers were resurfacing from the jolt it faced from Trump’s tariff alterations. And US’ trade partners have reaffirmed this optimism with the S&P 500 hitting an all-time high.
In comparison, NVIDIA’s market value equates to 7.3% of the entire S&P, whereas Apple and Microsoft account for 7% and 6%, respectively.
Apple was the first company to reach $3 trillion back in June 2022. And currently, Microsoft remains the second-biggest US company with $3.75 trillion in market value.
The tech trends that NVIDIA has propelled have been the first in over 25 years, the Guardian reports. And now, leads the race as the poster child of the AI revolution.