How Did Nvidia Leap to $4 Trillion Before Apple?

July 9, 2025: Nvidia has officially become the first company to reach a $4 trillion market capitalization, riding a wave of investor enthusiasm for artificial intelligence and a broader tech stock rebound on Wall Street.

On Wednesday, shares of the Silicon Valley-based AI chipmaker climbed as much as 2.8% to $164.36, pushing Nvidia past the previous all-time high set by Apple’s $3.92 trillion valuation in December.

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The milestone comes after a 40% surge in Nvidia’s stock since early May. The rally was fueled by two major developments: a potential easing of US-China trade tensions, hinted at by former President Donald Trump, and a string of multibillion-dollar chip deals Nvidia secured across the Middle East.

The company’s dominance in powering the global AI boom has placed it firmly at the center of investor attention, with its chips being critical for everything from large language models to autonomous driving and cloud computing.