NVIDIA becomes first company to surpass $4 trillion valuation
NVIDIA, the American developer of graphics processors, has reached a historic milestone: its market capitalization has for the first time exceeded $4 trillion, making it the first global company to achieve such a market value. According to TradingView, NVIDIA now ranks as the world's most valuable publicly traded company.
On Wednesday, July 9, NVIDIA (NVDA) shares on the NASDAQ American exchange rose by 2.76% to $164.41 as of 4:48 PM Moscow time, pushing the chipmaker's market value to $4.02 trillion. Microsoft (MSFT) ranked second in capitalization with $3.74 trillion, while Apple (AAPL) came in third with a market cap of $3.13 trillion.
According to LSEG data, NVIDIA's value now surpasses the combined market capitalization of the Canadian and Mexican stock markets, as well as the total value of all publicly traded companies in the United Kingdom.
Demand for the leading chip designer's securities has significantly increased amid the ongoing surge of interest in artificial intelligence technologies, Reuters reports. The company's shares have gained approximately 74% since their April lows, when global markets were shaken by news of tariffs imposed by US President Donald Trump. However, optimism surrounding trade agreements between the US and its partners has recently contributed to a further rise in NVIDIA's stock price.
NVIDIA's market value has grown nearly eightfold in the past four years, from $500 billion in 2021 to its current $4 trillion. The company's market capitalization first reached $1 trillion in May 2023, surpassed $2 trillion in February 2024, and broke the $3 trillion mark for the first time in June 2024.
Since the beginning of the current year, the share price has risen by approximately 20%. This sharp increase in NVIDIA's market value reflects Wall Street's confidence in the rapid development of artificial intelligence technology, with the company's chips forming the foundation of this technological breakthrough, Reuters states. NVIDIA anticipates its second-quarter revenue to be $45 billion, plus or minus 2%. The second-quarter results are expected to be published on August 27.
ORIENT
