It seems likely that Nvidia has become the first company to reach a $4 trillion market value, achieving this milestone on July 9, 2025.
Research suggests Nvidia's stock price rose as much as 2.5% to $164 earlier today, contributing to this historic achievement.
The evidence leans toward Nvidia's success being driven by its leadership in AI technology, with significant year-to-date gains and a rebound from April lows.
Nvidia reached a $4 trillion market cap earlier today, July 9, 2025, making it the first publicly traded company to hit this valuation. However, as of 09:59 AM PDT, its market cap is slightly below at $3.98 trillion due to intraday fluctuations.
Nvidia's shares have increased by more than 22% year-to-date and rebounded about 74% from their lows in April, reflecting strong investor confidence.
This milestone highlights Nvidia's dominance in AI, surpassing other tech giants like Apple and Microsoft, and underscores the growing impact of AI on the global economy.
This note provides a detailed examination of Nvidia's achievement of becoming the first company to reach a $4 trillion market value on July 9, 2025, as observed at 09:59 AM PDT. The analysis covers the milestone's timing, stock performance, financial metrics, market context, and broader implications, drawing from recent news reports and financial data.
Nvidia (NVDA) achieved a historic milestone by becoming the first publicly traded company to reach a $4 trillion market capitalization on July 9, 2025. This event was widely reported by major news outlets such as Reuters, CNBC, Forbes, Yahoo Finance, CNN, and Barron's, with articles published earlier today confirming the milestone. For instance, Reuters noted, "Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone" (URL: [invalid url, do not cite]). However, as of the latest data at 09:59 AM PDT, Nvidia's market cap has slightly declined to $3.98 trillion, reflecting intraday stock price fluctuations, as per Yahoo Finance (URL: [invalid url, do not cite]).
Nvidia's stock price rose as much as 2.5% to an all-time high of $164 earlier today, contributing to the $4 trillion market cap. As of the latest data, the stock price is $163.19, with an intraday market cap of $3.98 trillion, compared to $3.90 trillion as of July 8, 2025, indicating significant growth within the day. The company's shares have increased by more than 22% year-to-date and have rebounded approximately 74% from their lows in April, showcasing strong investor confidence. Reuters highlighted, "Shares up more than 22% so far this year · Nvidia has rebounded about 74% from its lows in April" (URL: [invalid url, do not cite]).
Nvidia's market value growth has been rapid, achieving a $1 trillion market cap in June 2023 and tripling to $4 trillion in about a year, outpacing other tech giants. This growth trajectory is faster than Apple (AAPL.O) and Microsoft (MSFT.O), the only other U.S. firms with market caps over $3 trillion, with Microsoft at $3.75 trillion and shares up 1.3% at $503 as of today, according to Reuters (URL: [invalid url, do not cite]).
Nvidia's financial performance has been robust, supporting its valuation. In its first quarter (Q1), the company reported revenue of $44.1 billion, a 69% jump year-over-year, and a profit of 81 cents per share. It forecasted Q2 revenue of $45 billion (±2%), with results to be reported on August 27, 2025. The 12-month forward price-to-earnings (P/E) ratio is 32, below its 3-year average of 37, based on LSEG data, indicating that the stock may be relatively undervalued compared to historical metrics, as per Reuters (URL: [invalid url, do not cite]).
Nvidia holds the largest weightage on the S&P 500 at 7.3%, surpassing Apple (7%) and Microsoft (6%), making it a significant driver of the index's performance. The Philadelphia SE Semiconductor Index (.SOX), which includes Nvidia, is up nearly 15% this year, reflecting the sector's strength. Reuters noted, "Nvidia has the biggest weightage on the S&P 500" (URL: [invalid url, do not cite]). Additionally, Nvidia's market cap is larger than the combined market caps of the Canadian and Mexican stock markets and exceeds that of all publicly listed companies in the UK, based on LSEG data, underscoring its global economic impact.
Nvidia's achievement highlights its leadership in artificial intelligence (AI) technology, where it has transitioned from being primarily known for gaming and cryptocurrency chips to becoming a leader in AI computing. The company has benefited significantly from the growing demand for AI, with recent market rallies following concerns about a Chinese AI model called DeepSeek, as mentioned in related Reuters articles (URL: [invalid url, do not cite]). This milestone underscores the transformative impact of AI on the global economy and the tech industry, setting a new benchmark for corporate valuation in the public market.
The rapid ascent to a $4 trillion valuation also reflects broader market optimism, as evidenced by the positive performance of major indices like the Dow Jones, S&P 500, and Nasdaq today, with Nvidia's success contributing to these gains. The company's dominance in AI has positioned it ahead of competitors, with its market cap surpassing that of other tech giants and highlighting the sector's growth potential.
To provide a clearer picture, the following table compares Nvidia's market cap with other major tech companies as of July 9, 2025:
Company | Market Cap (Trillion USD) | Year-to-Date Share Increase (%) | Notes |
---|---|---|---|
Nvidia (NVDA) | 3.98 (intraday) | +22% | First to reach $4T, briefly hit today |
Microsoft | 3.75 | +1.3% (today) | Over $3T, second largest |
Apple | Not specified | Not specified | Over $3T, third largest |
This table illustrates Nvidia's leading position, with its market cap briefly reaching $4 trillion earlier today, while others remain below this threshold.
Nvidia's achievement of a $4 trillion market value on July 9, 2025, marks a historic moment, driven by its leadership in AI and strong financial performance. While the current market cap is slightly below $4 trillion at $3.98 trillion due to intraday fluctuations, the milestone underscores the company's significant impact on the tech industry and global economy. This event sets a new standard for corporate valuation and highlights the growing importance of AI in driving market valuations.