Nvidia (NASDAQ: NVDA) has made history. On July 9, the company briefly became the first publicly traded firm valued above $4 trillion. The milestone highlights Nvidia’s rapid rise and the growing power of artificial intelligence in markets.
A Record-Breaking Run
The company crossed $4 trillion only 13 months after reaching $3 trillion. Since October 2022, Nvidia’s stock has jumped 1,300%. In 2025 alone, shares are up 22%, compared to a 6% gain for the S&P 500.
Nvidia now holds the largest weight in the S&P 500, at about 7.5%. It has even greater influence in tech-focused indexes like the QQQ ETF and the Philadelphia Semiconductor Index. Moves in Nvidia’s stock often sway the broader market.
From Gaming to AI Powerhouse
Nvidia started as a gaming chip company. Gamers loved its GPUs for high-quality graphics. Later, crypto miners used them to boost efficiency.
Everything changed with the AI boom in late 2022. Nvidia’s GPUs, designed for parallel processing, proved ideal for running AI models. The company now controls about 92% of the AI chip market.
Its latest Blackwell chips are 40 times more powerful than the previous generation. CEO Jensen Huang says demand is overwhelming. Data centers around the world are racing to secure Nvidia’s technology.
Climbing the Trillion Ladder
Nvidia’s growth is unmatched:
- May 2023: $1 trillion
- Feb 2024: $2 trillion
- June 2024: $3 trillion
- July 2025: $4 trillion
For context, only a few companies even top $1 trillion. Microsoft is near $3.7 trillion, and Apple stands around $3.1 trillion. Nvidia has outpaced them both in speed.
Can $5 Trillion Come Next?
Investors are already asking if Nvidia can hit $5 trillion this year. Several factors will decide:
- Strong demand for Blackwell GPUs
- Wider adoption of AI across industries
- Competition from rivals and in-house chips at Amazon, Google, and Microsoft
The leap will not be easy, but Nvidia has momentum. Its dominance makes $5 trillion a realistic goal.
Tech’s Heavyweight Era
Nvidia’s rise reflects a broader shift. The top seven tech giants — Nvidia, Microsoft, Apple, Amazon, Alphabet, Meta, and Broadcom — now make up nearly one-third of the S&P 500. That concentration is approaching dot-com bubble levels.
Bottom Line
Nvidia’s climb to $4 trillion is more than a stock story. It marks a turning point for AI and for global markets. Once a niche gaming chipmaker, Nvidia has become the backbone of the AI revolution.
The race to $5 trillion may be uncertain, but the company’s influence is not. Nvidia is now one of the most powerful forces in modern technology.
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