Nvidia Hits $4T, Becomes Most Valuable Company Amid AI Chip Boom

Benzinga

Nvidia briefly surpassed a $4 trillion market cap on Wednesday before closing at $3.97 trillion, according to CNBC. The chipmaker became the world’s most valuable company, surpassing Microsoft and Apple, and is the first to reach a $4 trillion market value during trading. The California-based company has gained more than 15% in the past month and 22% year-to-date. Nvidia dominates the generative AI hardware space, with soaring demand since the launch of ChatGPT boosting its valuation more than fifteenfold in five years. Despite U.S. chip restrictions to China costing an estimated $8 billion in sales, CEO Jensen Huang said the $50 billion China market is now “effectively closed” to U.S. firms. Nvidia has rebounded from earlier fears that China's DeepSeek AI model could reduce demand for GPUs.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:02NVIDIA briefly surpassed a $4 trillion market cap on Wednesday before closing at $3.97 trillion,

00:07according to CNBC. Chipper became the world's most valuable company, surpassing Microsoft and Apple,

00:12and is the first to reach a $4 trillion market value during trading.

00:15California-based company has gained more than 15% in the past month and 22% year-to-date.

00:21NVIDIA dominates the generative AI hardware space, with soaring demand since ShatGBT's launch,

00:25boosting its valuation more than 15-fold in five years.

00:29Despite U.S. chip restrictions to China costing an estimated $8 billion in sale,

00:33CEO Jensen Huang said the $50 million China market is now effectively closed to U.S. firms.

00:38NVIDIA has rebounded from earlier fears that China's deep-seek AI model could reduce demand for GPUs.

00:43For all things money, visit Benzinga.com.

Category

Transcript

Comments

Recommended