Nvidia Reaches $4 Trillion Market Value
Nvidia (NASDAQ: NVDA) has achieved a historic milestone, becoming the first company to reach a market value of $4 trillion. This milestone was reached in October 2023, driven by the company’s dominance in the artificial intelligence market, specifically in designing graphics processing units (GPUs). Nvidia’s market cap surged from less than $1 trillion in June 2023, surpassing tech giants Apple and Microsoft.
In the latest fiscal year, Nvidia reported triple-digit revenue growth, exceeding $130 billion as demand for its AI chips escalated. Currently, Nvidia’s stock trades around $171, and analysts suggest that a 20% increase in market value could push it to $5 trillion within months, making it a strong contender for maintaining its status as the world’s largest company.
