Nvidia Reaches $4 Trillion Market Cap
Nvidia (NASDAQ: NVDA) became the first company to achieve a market cap of $4 trillion last week, surpassing tech giants Microsoft and Apple. This milestone reflects Nvidia’s strategic focus on artificial intelligence (AI), with annual revenue skyrocketing to $130 billion from $27 billion in just two years.
The AI market, currently valued at about $300 billion, is projected to exceed $2 trillion shortly, positioning Nvidia as a key player. The company’s share price has risen 1,400% over the past five years, and recent history indicates potential for further gains after reaching market cap milestones. For instance, after hitting $1 trillion in June 2023, Nvidia’s stock surged 300%.
Recent Market Cap Milestones
| Date | Market Cap Milestone | Stock Performance in Month Following |
|---|---|---|
| June 13, 2023 | $1 trillion | +12% |
| Jan. 24, 2024 | $1.5 trillion | +28% |
| March 1, 2024 | $2 trillion | +9% |
| June 12, 2024 | $3 trillion | +3% |
As Nvidia continues to innovate and expand its offerings, it remains a strong candidate for long-term investment, bolstered by a robust outlook for the AI sector.
