Chipmaker Nvidia has become the world’s first company to reach the Milestone $4 trillion market capitalization, with its shares rising over 22% this year as demand for artificial intelligence technologies surges.
Nvidia had already surpassed Apple’s $ 3.9 trillion record set in December 2024 and surged by 40% since May. Confidence in AI stocks had been shaken by the emergence of the DeepSeek artificial-intelligence model developed in China to run on much less powerful chips, with a much lower energy consumption, and U.S. President Donald Trump’s tariff threats.
However, demand for Nvidia’s products from tech giants including Alphabet, Amazon, Microsoft, and Meta has continued to grow and is projected to reach $350 billion in the next fiscal year. Between them, they account for more than 40% of Nvidia’s revenue.
