July 9 - Nvidia (NVDA, Financial) shares rose about 2% to $164 on Wednesday, pushing its market value past the $4 trillion mark for the first time ever. The milestone underscores investor faith in chips that power generative AI.
The Santa Clara–based chipmaker first hit a $1 trillion valuation in June 2023 and has climbed rapidly on booming demand for its graphics processing units (GPUs). Those units are now central to training and running AI models like ChatGPT.
Tech analyst Dan Ives of Wedbush Securities said the achievement “marks a historic moment” and reflects Nvidia's unique position in the AI ecosystem. “They're the only game in town with chips as coveted as gold and oil,” he added.
Nvidia's rise has outpaced rivals such as AMD, whose competition once centered on gaming graphics. Today, Nvidia's growth is driven by data‑center and enterprise clients expanding AI workloads.
Despite April's tariff‑war jitters, Nvidia's revenue jumped 69% year‑on‑year to $44.1 billion in the first quarter, with EPS of $0.81. The company's performance signals strong momentum as AI remains a key driver of technology spending.
