Nvidia, Market Value
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The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than tenfold after ChatGPT’s release in late 2022.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
The stunning rise of Nvidia Corp to become the first publicly traded company valued at $4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector.
Nvidia Corp. became the first company in history to achieve a $4-trillion market valuation, cementing its status as a kingpin in the global financial market.
Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.
Nvidia becomes first $4 trillion company at market close. Its stock has increased more than 870 percent since ChatGPT was released in late 2022.
Nvidia reached the $1 trillion mark on May 30, 2023, and the stock skyrocketed 239% for the year. Then in 2024, growth continued as Nvidia hit the $2 trillion mark on Feb. 23, 2024, and the $3 trillion mark less than four months later on June 5, 2024. For the full year, Nvidia stock rose 171% in 2024.
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Nvidia has beaten rivals Apple and Microsoft to become the first company to reach a market value of $4 trillion. The AI chip maker, which closed at $162.88 a share and just shy of the $4 trillion mark,
Nvidia stock is up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.
Nvidia stock trades at $164.10 after hitting a $4 trillion market cap. Analysts eye AI growth and China talks as next catalysts.