Nvidia Hits $4 Trillion Market Cap, Beats Apple

In this article, we will discuss Nvidia Hits $4 Trillion Market Cap, Beats Apple

Nvidia (NASDAQ:NVDA) shares climbed over 2% on Wednesday, pushing the company’s market capitalization beyond $4 trillion for the first time—setting a new all-time record for any publicly traded company and surpassing Apple’s previous high set in December.

This milestone cements Nvidia as the most valuable company in the world, ahead of tech titans Microsoft and Apple, both of which previously reached the $3 trillion mark. Microsoft, notably, remains one of Nvidia’s largest and most strategic clients.

Also Read: AI Tech Stocks Canada

Founded in 1993 and headquartered in California, Nvidia has surged past key valuation thresholds at a remarkable pace—crossing $2 trillion in February 2024 and hitting $3 trillion by June. Its rapid ascent has been driven by its dominant role in supplying the hardware behind the generative AI revolution, especially the graphics processing units (GPUs) that power advanced models like ChatGPT.

Since the generative AI boom began in late 2022, Nvidia has capitalized on surging demand, transforming into a foundational player in the AI hardware space. Over the past five years, the company’s stock has skyrocketed more than fifteenfold, including a 22% gain year-to-date and over 15% growth in the past month alone.

Also Read: Best Canadian AI Stocks 2025

This rally has come despite global challenges, including trade restrictions and geopolitical friction that have limited chip sales to China. Earlier this year, concerns briefly arose around China’s DeepSeek model, which some speculated might reduce dependence on Nvidia’s chips—but those fears have since subsided.

In May, Nvidia acknowledged that new U.S. export controls blocking sales of its H20 chips to China could result in an $8 billion revenue hit. CEO Jensen Huang called the restrictions a major blow, saying, “The $50 billion China market is effectively closed to U.S. industry.” He previously told CNBC that losing access to Chinese markets would be a “tremendous loss” for the company.

Still, despite these headwinds, Nvidia’s leadership in the AI chip sector continues to attract investor confidence, driving its historic market cap achievement.