NVIDIA becomes 1st $4 trillion company at market close
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Bitcoin at $117,000 and Nvidia crossing $4 trillion in market value isnt just hype — it might signal the start of a massive tech-crypto supercycle. With AI booming and crypto going mainstream in the U.
Listed in 1999, it was valued around $1 billion, when it was listed. It soared 4,000 times or 4,00,000 per cent from those levels to hit $4 trillion market capitalization.
Nvidia becomes the first company to reach a $4 trillion valuation, driven by soaring demand for artificial intelligence chips and outpacing Microsoft and Apple.
Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
KEY TAKEAWAYS Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, posted a first-half revenue surge of 40% on booming AI demand.TSMC's June revenue dropped, however, over the previous month.
Shares of Nvidia ended up 0.75 per cent at US$164.10, giving it a market value of US$4.004-trillion as it benefits from an ongoing surge in demand for AI technologies. Nvidia’s stock-market value briefly peaked above US$4-trillion on Wednesday before closing at about US$3.97-trillion.
Nvidia (NASDAQ:NVDA) came close to making history on Wednesday, briefly surpassing a $4 trillion market capitalization before pulling back slightly at market close. Shares rose 1.8% to finish at $162.
Citi analysts raised their price target for Nvidia stock to $190 from $180, citing growing demand for sovereign AI. Nvidia is “involved in essentially every sovereign deal," the bank said, as ...
The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.