NVIDIA
Nvidia is eating the stock market alive
Nvidia has just made history by becoming the first public company to hit $4 trillion market value, fueled by relentless demand for AI tech.
Its stock climbed 2.4% to $164 this week, continuing a meteoric rise that started when it crossed the $1 trillion mark in June 2023.
Now, it’s growing faster than both Apple and Microsoft, despite them also sitting in the trillion-dollar club.
The chipmaker’s products have become the go-to building AI systems, and that dominance has paid off.
Nvidia now accounts for 7.3% of the entire S&P 500 index, more than Apple (7%) and Microsoft (6%).
Here’s what you should know:
Nvidia became the first company to reach a $4tn market value.
Its AI chips are behind much of today’s tech boom.
Microsoft could be next to join the $4tn club.
Even with US restrictions on exporting its top chips to China, the company’s share price has bounced back 74% from its April low, helped by growing optimism over international trade talks.
Analysts say Nvidia won’t be alone at the top for long.
Microsoft is expected to hit the $4 trillion mark this summer, with predictions that the AI boom still has a lot of room to run.
As one analyst put it, Nvidia and Microsoft are now leading the charge in what’s shaping up to be the biggest tech shift in decades.
Nvidia hit $4tn, while i’m hitting my overdraft.