Nvidia has officially become the first publicly traded company to cross the $4 trillion mark in market value, a major milestone that underscores the growing influence of artificial intelligence on the global economy. The chip giant’s market cap hit $4.009 trillion as of early Wednesday, pushing it past Microsoft ($3.755 trillion) and Apple ($3.135 trillion). Just two years ago, in July 2023, Nvidia was valued at around $1.05 trillion, making this a staggering fourfold increase in a short span.
Powered by AI and Wall Street
The surge in Nvidia’s value has been driven by an explosion in demand for its AI chips, which now power everything from data centers to advanced research. Its stock has soared more than 1,000% since the beginning of 2023. A $100,000 investment in the company back then would be worth over $1.1 million today. Despite macroeconomic worries, including potential tariffs and other policies from President Donald Trump, Nvidia and other AI-focused companies have helped lift the S&P 500 to record highs.
Revenue expectations and challenges
For the May-July quarter, Nvidia expects revenue to reach around $45 billion, roughly in line with Wall Street projections. However, the company is also facing challenges. US government restrictions on advanced chip exports to China are expected to cost Nvidia about $8 billion in lost sales this quarter. Looking ahead, analysts project Nvidia’s revenue could hit $200 billion for the fiscal year ending January 2026, more than 50% higher than the year before and over three times its revenue from 2024.
A market giant
To put its valuation into perspective: with $4 trillion, one could theoretically buy 4 billion of the latest iPhones. Nvidia’s transformation from a niche graphics card maker to a dominant force in the AI era is now reshaping the future of tech and finance alike.
