Nvidia, which dominates the AI semiconductor market, finally surpassed a 4 trillion USD market cap on Wednesday.
On this day, Nvidia’s stock surged by 4.42 USD (2.76%) to reach a high of 164.42 USD, pushing its market cap over 4 trillion USD.
If Nvidia’s stock price exceeds 163.93 USD, its market cap will surpass 4 trillion USD.
Until now, Apple has held the record for being the first to reach market caps of 1 trillion USD, 2 trillion USD, and 3 trillion USD. However, as AI emerged as the main theme in the market, Nvidia set a new record by being the first to break the 4 trillion USD barrier.
In the afternoon, Nvidia gave back some of its gains and was trading at 163.22 USD, up 3.22 USD (2.01%) as of 12:50 PM Eastern Time.
At that price, its market cap stood at 3.982 trillion USD.
Headquartered in California, Nvidia was founded in 1993. The company surpassed a market cap of 2 trillion USD in February of last year, and then 3 trillion USD four months later in June.
This year, Nvidia’s stock has shown a V-shaped trajectory.
After U.S. President Donald Trump announced significant reciprocal tariffs, the stock closed at 94.31 USD on April 4, a 30% drop from the closing price at the end of last year.
However, as Trump postponed the reciprocal tariffs for 90 days on April 7, and the U.S. and China laid the groundwork for a trade agreement through negotiations in May and June, expectations for easing semiconductor export controls to China grew, leading to a sharp upward trend.
Based on the intraday high, Nvidia’s stock soared by over 74% compared to the low on April 4.
As a result, it surged by 22% for the year overall.
