Nvidia (NVDA) is currently valued at over $4.5 trillion, having become the world's most valuable company on June 18, 2024, when its market capitalization exceeded $3.3 trillion. It later hit $4 trillion in 2025 and briefly reached $5 trillion last October. Yet the stock has largely traded sideways since last August around its current price of $189.
Reasons include investor concerns over rising competition in AI accelerators from players like Advanced Micro Devices (AMD), geopolitical constraints such as U.S. export restrictions to China, production delays on next-generation chips like Blackwell, slowing revenue growth momentum, and valuation fatigue after years of rapid gains.
