With generative AI spread around the world, NVIDIA (NVIDIA) shares sold at an early stage on July 9, Eastern Time, and reached a maximum of US$164.42, driving market value to exceed US$4 trillion, surpassing Apple and Micro, becoming the first listed company in history to achieve this milestone, and strengthening NVIDIA's position as the world's most valuable enterprise.
NVIDIA, based in California, was founded in 1993. It started as a graphics processor (GPU) and benefited from the rapid growth of AI demand. NVIDIA has provided computing cores with large language models and generative AI, and has been promoted to become a core supplier to support the key foundation construction of the AI era. Since ChatGPT was founded at the end of 2022, it has stimulated significant stock price growth, with a market value exceeding $4 trillion for the first time.
With the continuous code of generative AI in the market, NVIDIA's market value reached a new high. Since its market value exceeded US$2 trillion in February 2024, it exceeded 3 trillion in June of the same year. In less than half a year, it has further exceeded US$4 trillion in terms of US$4 trillion, surpassing Apple and Micro, and becoming the world's highest market value listed company.
NVIDIA shares were sluggish at the beginning of the year due to DeepSeek's performance, and then the global financial market was striking due to tax measures by US President Trump. However, NVIDIA shares have rebounded by about 74% from a low in April, up more than 15% in the past month, and have risen by 22% this year. If calculated five years ago, the stock price has skyrocketed by more than 15 times, reflecting the market's high expectations and confidence in AI demand.
NVIDIA's rights in the S&P 500 index regains 7.3%, the largest constituent stock in the S&P 500 index, and other technology giants, such as Apple accounts for 7%, while Microsoft accounts for 6%. According to data from the London Stock Exchange, NVIDIA's market value exceeds the sum of the Canadian and Mexican stock markets, and exceeds the total market value of all listed companies in the UK.
B Riley Wealth chief market strategy artist Art Hogan said that NVIDIA was originally a game chip manufacturer, then became a cryptocurrency mining chip manufacturer, and now an artificial intelligence computing chip manufacturer. NVIDIA is continuing to move forward and becoming the biggest winner of AI.
Nvidia clinkes historic $4 trillion market value on AI dominance
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