NVIDIA becomes 1st $4 trillion company at market close
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Listed in 1999, it was valued around $1 billion, when it was listed. It soared 4,000 times or 4,00,000 per cent from those levels to hit $4 trillion market capitalization.
Nvidia becomes the first company to reach a $4 trillion valuation, driven by soaring demand for artificial intelligence chips and outpacing Microsoft and Apple.
Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
Nvidia has achieved a historic milestone, becoming the first public company to surpass a $4 trillion market value, driven by soaring demand for its AI
Nvidia (NASDAQ:NVDA) came close to making history on Wednesday, briefly surpassing a $4 trillion market capitalization before pulling back slightly at market close. Shares rose 1.8% to finish at $162.
KEY TAKEAWAYS Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, posted a first-half revenue surge of 40% on booming AI demand.TSMC's June revenue dropped, however, over the previous month.
Nvidia stock surges 950% in three years as AI boom fuels record growth, investor confidence, and market dominance.
The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.
Citi expects the AI data center market to reach $563 billion in 2028, up from a prior estimate of $500 billion, based on higher-than-expected sovereign AI demand. That benefits Nvidia, which is ...