Overview

• Nvidia’s market capitalization reached $3.92 trillion on July 3, topping Apple’s December 2024 record of $3.915 trillion.
• Surging need for the company’s latest GPUs to train large generative AI models underpins its valuation gains.
• Rival tech firms including Microsoft, Amazon, Meta, Alphabet and Tesla are driving processor demand through a data center build-out race.
• Wedbush analysts forecast both Nvidia and Microsoft will join the $4 trillion market cap club later this summer.
• CEO Jensen Huang’s net worth has surged by nearly $25 billion this year as Nvidia’s stock price climbed.