Nvidia has made history by becoming the first company in the world to reach a market valuation of $4 trillion, as investor confidence in artificial intelligence (AI) technology continues to soar.
Shares in the US-based chip-making giant climbed as much as 2.4% to $164 on Wednesday, marking a new milestone in the company’s meteoric rise, fueled largely by the growing global demand for the powerful processors that drive generative AI tools such as ChatGPT.
“This is a historical moment for Nvidia,” said tech analyst Dan Ives of Wedbush Securities. “They are the only game in town with their chips—the new gold and oil.”
Nvidia first crossed the $1 trillion threshold in June 2023, and in just over a year, its value has quadrupled. The company’s upward trajectory illustrates Wall Street’s unshaken belief in AI’s long-term potential, even amid uncertainty surrounding the US economy.
The chipmaker’s shares briefly dipped in April after global markets were rattled by President Donald Trump’s escalating tariff war. Despite lingering concerns about his trade policies, Nvidia’s stock has rebounded strongly since the spring.
Remarkably, Nvidia’s stock is now more than 100 times its value from just eight years ago, when it was competing with AMD in the consumer graphics card market. Since then, its pivot toward AI-focused hardware has catapulted it into global prominence.
CEO Jensen Huang, the 61-year-old founder of Nvidia, has also risen to fame, especially in Taiwan, where he enjoys near-rock-star status. Meta CEO Mark Zuckerberg recently called him “the Taylor Swift of tech,” a nod to Huang’s growing celebrity profile in the tech world.
In its latest earnings report, Nvidia posted first-quarter revenues of $44.1 billion—a 69% year-on-year increase—and a profit of 81 cents per share, underscoring the massive appetite for its AI chips across industries.
Chioma Kalu
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