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Nvidia has made history, becoming the first company ever to reach a $4 trillion market valuation, solidifying its dominance in the global financial landscape.
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Shares of the chipmaker surged 2.8 per cent to $164.42 on Wednesday, buoyed by relentless demand for artificial intelligence technologies and the company’s strategic dominance in the AI hardware space. With this surge, Nvidia extended its lead on Wall Street as the most valuable company, ahead of long-time titans Apple and Microsoft, the only other US firms currently valued over $3 trillion.
Nvidia first reached a $1 trillion valuation in June 2023, and since then, its growth trajectory has outpaced every other mega-cap stock. In just over a year, its market value more than tripled, a feat achieved faster than both Apple and Microsoft, now valued at $3.01 trillion and $3.75 trillion respectively.
The company’s rebound has been especially dramatic, with shares rising about 74 per cent from their April lows, when global markets were rattled by US President Donald Trump’s renewed tariff war. Investors feared a slowdown in AI investment, particularly due to emerging competition from China’s DeepSeek. But in recent weeks, optimism over new trade deals has helped lift sentiment, propelling the S&P 500 to an all-time high.
Nvidia now holds a 7.3 per cent weighting on the S&P 500 — the largest of any company — outpacing Apple and Microsoft, which account for around 7 per cent and 6 per cent, respectively.
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