Nvidia made history by becoming the world’s first publicly traded company to surpass a $4 trillion market capitalization. The milestone was reached as Nvidia’s stock price surged to $164.42 during intraday trading on July 9.
The company’s stock has soared by approximately 1,460% over the past five years, with a near 18% gain registered year-to-date. Nvidia’s ascent is driven by its near-monopoly on AI chip manufacturing, with its graphics processing units (GPUs) forming the backbone of machine learning, data centers, and large language models. The Silicon Valley giant’s chips are now essential for tech giants including Microsoft, Amazon, Meta, and Alphabet.
