Overview
- Nvidia became the first publicly traded company to reach a $4 trillion market capitalization as its shares climbed to about $164 per share.
- The company’s market value has more than tripled since it first hit $1 trillion in June 2023 amid soaring demand for AI hardware.
- Investor enthusiasm for Nvidia’s high-end AI chips has driven its rapid ascent past long-time leaders Microsoft and Apple.
- With a 7.3% weighting, Nvidia is now the largest component of the S&P 500, underscoring its influence on the broader market.
- Nvidia projects roughly $45 billion in second-quarter revenue, and investors are watching its earnings forecast as export controls and tariff risks persist.