Nvidia Hits $4 Trillion Market Cap, First Company To Do So

Nvidia shares jumped more than 2% on Wednesday, topping a $4 trillion market cap for the first time as investors scooped stock in the tech giant building the hardware for the generative AI boom. From a report: The chipmaker is the first company to ever achieve this market value. Nvidia is the world's most valuable company, surpassing Microsoft and Apple, both of which hit the $3 trillion mark before Nvidia. Microsoft is also one of Nvidia's biggest and most important customers. The California-based company, which was founded in 1993, first passed the $2 trillion mark in February 2024, and surpassed $3 trillion in June.

Nvidia has profited heavily off of growing demand for artificial intelligence hardware and chips since the launch of ChatGPT in late 2022. The company has positioned itself as the decisive leader in the creating the graphics processing units that power large language models.

insider AI

[zlives]

I got a special invite from a High ranking government official to a signal channel exclusive that told me to buy the stock so i did.

Re:

[pak9rabid]

I wouldn't be bragging about insider trading online if I were you...

Re:

[jacks smirking reven]

Whose gonna press charges? Haven't you heard, if you have the right politics you are exempt from crimes.

Re:

[rickb928]

Yeah, I heard that a while ago...

Re:

[GoTeam]

Whose gonna press charges? Haven't you heard, if you have the right politics you are exempt from crimes.

Correction: if you are a member of congress you are exempt from crimes.

Re:

[jacks smirking reven]

Legislator Misconduct Database [govtrack.us]

Re:

[GoTeam]

The vast majority of those offenses end in either no punishment, or a symbolic fine. Not the same justice we'd receive, is it?

Re:

[jacks smirking reven]

Depends, case by case. I think more apt description would be do they receive different justice non-politicians at a similar wealth level and I think the line is more there than on political connections in many of these cases.

Re:

[MachineShedFred]

I hear the SEC isn't really into enforcing those laws for a certain subset of connected individuals any more.

Appropriate wording

[necro81]

Phew, for a moment there I thought they were going to say "$4T barrier". Claiming some new round-number milestone as a "barrier" is a pet peeve of mine in sci/tech journalism. Sometimes it's the appropriate term ("sound barrier", "Coulomb barrier") - a difficult obstacle beyond which things really are different. ("Uncanny valley" is an inverse example.)

But usually it's just lazy writing and inappropriate ("Exascale barrier [slashdot.org]", "30% barrier [slashdot.org]", "$0.30/GB barrier [slashdot.org]") - just another tick mark on an otherwise mundane curve of incremental progress.

Re:

[registrations_suck]

Nobody cares about your "pet peeves" man.

Re:Appropriate wording

[ceoyoyo]

Certain stock prices sometimes really are "barriers" because human pyschology causes people to pile up orders at that price. Market cap is not though.

Re:

[Fly Swatter]

Four years ago I was deciding where to distribute some money in my new brokerage account. The choice for me was between INTC, AMD, and NVDA - at the time Nvidia looked expensive so I chose some INTC and AMD.

Yep, that was a great choice for learning.

6 months ago when Nvidia hit 120 after two splits I dipped a toe in and it traded sideways (sorry about that) until only recently; which of course is when I decided to get out so of course it then continues to shoot right up.

Re:

[bjoast]

To paraphrase what a great man once said:

No one knows if the stock is gonna go up down or in fucking circles.

Re:

[organgtool]

I heard there's a lot of fuck circles on Wall St.

Nvidia exerting it's monopoly

[xack]

They don't want you to have day one reviews of their DLSS slop cards anymore, and they still freeze like hell on Linux. But number go up to 13 figures while slaves get single figure wages am i right?

Gpus replacing people

[rsilvergun]

That's where this valuation is coming from. It's the possibility that Nvidia gpus will replace half of all white collar workers within the next 10 years.

Personally I think it's a good Gamble. At least based on what basically everybody is saying and doing. Not that I can afford to invest.

Re:

[ceoyoyo]

Worked out for the cotton gin and the steam engine.

ROI

[Skjellifetti2]

It is unclear what the ROI is on all of these AI datacenters being built. This seems highly reminiscent of the fiber buildout during the internet bubble. Meanwhile, US copper prices jumped 13% today after Trump's announcement of a 50% import tariff. I'd imagine that will up the investment cost of building still more datacenters. At some point, some catalyst like copper prices will cause all of this to implode and Nvidia, currently priced to perfection, is going to take a hit.

The bigger they are, the harder

Wish I had money to short that bubble...

[williamyf]

... But the market can stay irrational longer than one can stay solvent, so perhaps is better that I do not have that kind of money anyway.

The bigger the bubble, the more will be lost

[Targon]

When the bubble pops, and it will, we will be hearing all of those Wall Street people crying.

I am sorry for buying anything nVidia

[BrendaEM]

We have created a monster. I feel bad that AI's trolls are speaking against the very creators of content that AI is stealing from.