Nvidia, the chipmaker giant, has achieved a historic milestone, becoming the first publicly traded company to surpass a $4 trillion (€3.1 trillion) valuation, fueled by a two-year surge in investor interest.
On Wednesday, Nvidia’s stock price experienced a 2.5% increase, equivalent to $3.97 (€3.39), reaching over $164 (€140) per share in early trading. This marks a significant rise from the beginning of 2023, when Nvidia shares were valued at approximately $14 (€12) each.
As the prominent symbol of the AI revolution, Nvidia has ascended to become the largest company on Wall Street, outstripping the market capitalization of industry leaders such as Microsoft, Apple, Amazon, and Google.
Nvidia’s stock performance now has a greater impact on the S&P 500 and other market indexes than all but Apple. Just two years ago, Nvidia’s market capitalization was under $600 billion (€512 billion).
The surge in value for Nvidia and other companies profiting from the artificial intelligence sector has been a primary driver behind the S&P 500’s recent record-breaking performance, with the latest high reached last week.
These companies’ significant profit growth has been instrumental in propelling the market forward, despite persistent concerns about high inflation and potential economic challenges resulting from tariffs and other policies implemented by President Donald Trump in the US.
