Nvidia Becomes First $4 Trillion Company as AI Chip Boom Accelerates

Nvidia’s shares climbed to another all-time high on Wednesday, lifting the silicon powerhouse beyond the $4 trillion valuation threshold and making it the most valuable public company on record. The milestone caps a 70% rebound since early April, when markets wobbled over new U.S. tariffs, and underscores investors’ near-insatiable appetite for the company’s AI-focused GPUs.

The growth is backed by staggering fundamentals: first-quarter revenue jumped 70% to $44 billion, and executives project another $45 billion this quarter as hyperscalers like Amazon, Microsoft and OpenAI keep stacking Nvidia cards in next-gen data centers. That surge has propelled the stock roughly 1,500% over five years, a run that took Nvidia from a $500 billion valuation in 2023 to its current perch above the titans of consumer tech.

Challenges remain. China export controls shaved an estimated $4.5 billion off recent sales, and rivals from AMD to home-grown cloud chips are clawing for share. Yet CEO Jensen Huang’s strategy—pairing premium silicon with a full software stack—continues to draw orders even as some customers design their own accelerators. For now, the AI gold rush keeps Nvidia comfortably at the apex of global market value.