Nvidia made history on July 9, 2025, becoming the first public company ever to reach a $4 trillion market capitalization, briefly touching $4.012 trillion in intraday trading before slightly pulling back.

The Santa Clara–based chipmaker’s surge—shares rose ~2.4% to $164.42—was driven by soaring global demand for AI hardware and the widely-adopted Blackwell AI platform. Nvidia's climb from a $1 trillion valuation in June 2023 to four times that in just over two years is now the fastest growth in market cap history, outpacing giants Apple and Microsoft.

Analysts from Barclays and Loop Capital have issued optimistic targets of up to $200–$250 per share, suggesting future valuations as high as $6 trillion. Wedbush’s Dan Ives described the milestone as evidence of Nvidia’s pivotal role in the next wave of the AI revolution.

Following the intraday high, Nvidia was trading around $163.41, with a close above $163.93 required to officially end the day at a $4 trillion mark. The company also now surpasses the combined market caps of several semiconductor firms and sectors, and accounts for roughly 7.3% of the S&P 500.

This historic valuation underscores Nvidia’s dominance in supplying AI computing infrastructure and signals investor confidence in artificial intelligence’s sustained growth.