Nvidia has officially become the first publicly traded company to reach a $4 trillion market capitalization. The milestone was crossed on July 9 after shares rose 2.5% to close above $164. The company now sits ahead of Microsoft and Apple, both of which previously topped $3 trillion. Nvidia’s valuation has grown more than fifteenfold in five years, driven by sustained demand for its AI-focused chips and infrastructure. The company’s hardware powers nearly every major generative and agentic AI system in operation today, including those used by Microsoft, Meta, Amazon, and Google. Analysts now consider Nvidia the central supplier for sovereign AI buildouts and national-scale data centers.
The company’s rise has tracked closely with the global acceleration of artificial intelligence. Since the launch of ChatGPT in late 2022, Nvidia has emerged as the dominant force in AI computing. Its graphics processing units are used to train and deploy large language models, and its Blackwell architecture is being scaled across enterprise and government platforms. Citi analysts estimate Nvidia’s total addressable market for AI, semiconductors, and networking will reach $563 billion by 2028. Sovereign demand alone could contribute tens of gigawatts of infrastructure buildout, translating to tens of billions in revenue.
In its most recent quarter, Nvidia reported $44.1 billion in revenue, up 69% year over year. Data center sales accounted for nearly 90% of that figure. Despite a $4.5 billion charge related to U.S. export restrictions on China-bound chips, the company posted earnings of $18.8 billion. CEO Jensen Huang stated, “The amount of computation we need at this point as a result of agentic AI, as a result of reasoning, is easily 100 times more than we thought we needed this time last year.” Nvidia’s GB200 and GB300 platforms are now being deployed to meet that demand, with Blackwell Ultra GPUs expected to anchor the next phase of AI infrastructure.
The $4 trillion valuation places Nvidia above the combined market caps of all publicly listed companies in Canada and Mexico. It also exceeds the total value of UK-traded firms. The company first crossed $1 trillion in June 2023, hit $2 trillion in February 2024, and reached $3 trillion in June 2024. The pace of growth has defied geopolitical headwinds, including chip bans and tariff disruptions. Investor sentiment remains bullish, with some analysts projecting upside toward $5 trillion if current trends hold.
Sources
https://invezz.com/news/2025/07/09/nvidia-tops-4t-in-market-cap-first-company-ever-to-do-so/