Nvidia Hits A $4 Trillion Market Cap

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Nvidia is the first company to cross the $4 trillion market cap mark.

The Big Picture: Nvidia’s lightning-fast rise to the top of the stock food chain demonstrates how AI has reshaped the markets. And as nearly every blue-chip company continues to rely on its cutting-edge chips (or works on developing their own), Nvidia’s worth may only keep climbing.

Behind the Stock: Has a company ever grown as quickly as Nvidia?

  • This week, Nvidia hit a $4 trillion market cap — the combined worth of the 216 smallest companies on the S&P 500.
  • The stock peaked at $164.12 — a 22% increase over the past year.
  • But more amazingly, that price represents a 871.7% increase since November 2022 (yeah, that’s wild).

Final Call: Nvidia’s growth has happened despite a 31% drop in its stock earlier this year amid tariff-announcement chaos. It just goes to show how resilient Nvidia is becoming and how the company truly represents the “AI Revolution,” as coined by Wedbush Securities analyst Daniel Ives (arguably more so than OpenAI). And when it comes to billionaire Nvidia co-founder and CEO Jensen Huang, he might be the most underrated tech titan in the world today.

Prediction: With Microsoft also fully committed to AI — and even developing its own chips — expect it to be the next company to hit $4 trillion. It’s right behind Nvidia, with a market cap of roughly $3.7 trillion.

David Vendrell

Born and raised a stone’s-throw away from the Everglades, David left the Florida swamp for the California desert. Over-caffeinated, he stares at his computer too long either writing the TFP newsletter or screenplays. He is repped by Anonymous Content.

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