NVIDIA Stock Closes Above $4 Trillion Milestone for 1st Time
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Analysts see paths to more milestones for Nvidia after the stock closed at a $4 trillion market capitalization for the first time Thursday.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
Nvidia becomes first $4 trillion company at market close. Its stock has increased more than 870 percent since ChatGPT was released in late 2022.
Nvidia stock trades at $164.10 after hitting a $4 trillion market cap. Analysts eye AI growth and China talks as next catalysts.
Nvidia reached the $1 trillion mark on May 30, 2023, and the stock skyrocketed 239% for the year. Then in 2024, growth continued as Nvidia hit the $2 trillion mark on Feb. 23, 2024, and the $3 trillion mark less than four months later on June 5, 2024. For the full year, Nvidia stock rose 171% in 2024.
Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.
Today’s Forbes Daily features AI giant Nvidia’s record valuation, X’s CEO steps down as Grok unveils new model, Fed eyes rate cuts, Les Wexner’s CoreWeave bet and more.
Good morning. Nvidia passes a major milestone. India strives for self-sufficiency. And beer drinkers are still looking for that buzz. Listen to the day’s top stories.