Nvidia Reaches $4 Trillion Market Cap
Nvidia (NASDAQ: NVDA) has become the first company to achieve a market capitalization of $4 trillion. The firm has experienced a staggering growth in its data center revenue, soaring from $4.3 billion to $39.1 billion over the past two years, representing a more than ninefold increase. Nvidia is on track to potentially hit a $5 trillion market cap by the end of this year, needing just a 25% gain from current levels.
Market Dominance and Future Projections
Nvidia controls a 92% share of the GPU market, largely due to its CUDA software platform, which has established a significant competitive moat. CEO Jensen Huang forecasts that customer spending on AI-related data centers will exceed $1 trillion by 2028, positioning Nvidia to capture a substantial portion of this demand. Additionally, the company’s auto sector revenue surged 72% last quarter to $567 million, with projections for the auto market potentially reaching $300 billion.
