The stock market value of Nvidia (NVDA.O), which opened in a new tab, surpassed $4 trillion for the first time, thereby establishing the chipmaker as the primary player on Wall Street in the competition to dominate AI technology.
Nvidia’s shares closed at $164.10, up 0.75%, resulting in a market value of $4.004 trillion.
This increase in value extends Nvidia’s lead over Apple and Microsoft, as it capitalizes on an increase in demand for artificial intelligence technologies.
Nvidia is on the brink of becoming the most valuable public company in history, surpassing Apple’s apex from December.
Nvidia is on the brink of becoming the most valuable public company in history, surpassing Apple’s apex from December.
The stock market value of Nvidia momentarily exceeded $4 trillion on Wednesday before closing at approximately $3.97 trillion.
This value exceeds the aggregate value of all publicly listed companies in the United Kingdom.
Microsoft (MSFT.O), Amazon (AMZN.O), Alphabet (GOOGL.O), Meta Platforms (META.O), and other Wall Street heavyweights are vying to construct AI data centers and dominate the emerging technology, with Nvidia’s high-end processors at the center of the competition.
In addition, Nvidia is susceptible to trade disputes between Beijing and Washington, which entails limitations on the export of its most potent processors to China. Competition is a concern, as are trade tensions and tariffs.
In a client note, Swissquote Bank senior analyst Ipek Ozkardeskaya suggested that the demand for affordable alternatives could be influenced by the increased adoption of AI.
Nvidia’s market value reached $1 trillion for the first time in June 2023 and subsequently treble within a year, surpassing that of Apple (AAPL.O) and Microsoft, the only other U.S. companies with market values exceeding $3 trillion.
Microsoft’s market capitalization is $3.73 trillion, making it the second most valuable company in the United States. Recently, its shares experienced a 0.4% decline.
In 2025, Apple’s stock has declined by 15%, resulting in a market value of $3.17 trillion.
This decline reflects investor concerns that the iPhone manufacturer has been tardy in integrating AI into its products and services.
According to LSEG, Nvidia’s stock is valued at approximately 33 times expected earnings, which is lower than its five-year average of 41, despite its meteoric rally.
