Nvidia Becomes First Public Company to Hit $4 Trillion as AI Mania Grips Wall Street

Chipmaker Surges Past Apple and Microsoft, Cementing Its Position as the King of the AI Boom

Nvidia just did something no other company in history has pulled off: its market value crossed $4 trillion. That’s trillion with a T. And the way it happened? A mix of Wall Street frenzy, AI obsession, and a stock price that just won’t quit.

The company’s shares jumped another 2.4% on Wednesday, pushing its market capitalization past a milestone once thought reserved for far-off tech fantasies. Now, it’s not just fantasy. It’s ticker tape.

The Stock That Refuses to Slow Down

It’s been a wild ride for Nvidia over the past year — actually, past two. The stock has surged more than 180% since July 2024, and over 550% since early 2023. Yes, you read that right. What used to be a graphics card maker for gamers is now the hottest name in artificial intelligence. Go figure.

One-sentence paragraph here: At $164 per share during intraday trading, Nvidia looked almost… surreal.

Investors are treating the company like the heartbeat of the AI revolution. And maybe they’re not wrong. Its H100 chips power just about every large-language model in the AI market — from ChatGPT to Google’s Gemini to Meta’s in-house experiments.

Here’s the thing: Nvidia doesn’t just sell hardware. It sells hope. The kind of hope that says, “AI will run the future, and we’re the ones holding the keys.”

How Nvidia Pulled Ahead of Tech Giants

For a while, it looked like a three-way race: Apple, Microsoft, Nvidia. And maybe a fourth — Amazon, lurking in the wings. But this week, Nvidia pulled ahead and never looked back. At $4 trillion, it’s now more valuable than Apple and Microsoft — each hovering around $3.6 trillion.

Just a few years ago, Nvidia wasn’t even in the $1 trillion club. Now it’s writing the rules for everyone else.

• Apple still dominates consumer devices.

• Microsoft has a massive presence in software and cloud.

• But Nvidia? It owns the silicon that powers their dreams.

The ironic part? Nvidia doesn’t make its own chips. Taiwan’s TSMC does. But it designs them, and that’s where the money is.

This isn’t just about chips either. Nvidia’s CUDA platform, its dominance in training foundation models, and its expansion into enterprise AI software have all lit a fire under investors.

Wall Street Can’t Get Enough of AI Stocks

Nvidia’s rally didn’t happen in a vacuum. It’s part of a broader stampede into AI-linked equities. The Nasdaq, S&P 500, and even the old-school Dow Jones all got a bump on Wednesday.

Here’s how the key indices were performing as of 10:05 AM (GMT-4):

AI isn’t just a sector anymore — it’s becoming the market’s main story. Traders are throwing money at anything that hints at machine learning, neural nets, or chips that crunch language models faster than a blink.

That’s not sustainable forever. But right now, no one wants to be left out.

It’s Not Just Hype — The Numbers Back It Up

Nvidia’s financials are as strong as its stock price. The company’s most recent quarterly report showed revenue up 265% year-over-year. Gross margins? Through the roof — over 78%. Net income? Nearly $15 billion in three months.

That’s Apple-tier profit, without the iPhones.

Short sentence break: The cash is real.

More than half of Nvidia’s revenue now comes from its data center segment — basically AI infrastructure. Gaming, once its bread and butter, now feels like a side hustle.

In short, it’s not just about potential anymore. Nvidia is already making serious money off the AI craze, and most analysts think that’s just the beginning.

Who’s Buying the Stock? Pretty Much Everyone

Retail investors have been all over Nvidia for months now. It’s one of the most popular names on trading platforms like Robinhood and Fidelity. But it’s the institutional money that’s really driving this rally.

From hedge funds to sovereign wealth funds, the money is flooding in. BlackRock, Vanguard, State Street — they all own massive stakes.

There’s also a quiet surge from Asia. Investors in Japan, Singapore, and even the Middle East have been quietly increasing exposure to Nvidia through ETFs and AI-focused portfolios.

One-liner here: Everyone wants a piece of the AI pie — and Nvidia is the crust, the filling, and the whipped cream.

What’s Next? Some Say $5 Trillion Isn’t Far Off

Wall Street being Wall Street, there’s already chatter about $5 trillion. A few bullish analysts — notably from Morgan Stanley and Goldman Sachs — have floated that target for 2026, or even late 2025 if things get hot enough.

But not everyone’s convinced. Some are waving red flags about valuation. Nvidia is trading at over 45x forward earnings. That’s steep, even by tech standards.

Still, the bulls say we’re just getting started. Generative AI has barely scratched the surface of health care, legal tech, autonomous driving, and robotics. And Nvidia sits right in the middle of all that.

A little skeptical? You’re not alone. But at this point, doubting Nvidia has cost people more money than betting on it.