Nvidia Makes History at $4 Trillion—AI Boom Powering Tech’s Comeback

In a landmark moment for the markets, Nvidia briefly climbed to a $4 trillion market valuation on July 9, 2025, becoming the first-ever public company to achieve this feat . This milestone highlights Nvidia’s dominance in supplying the AI-powered chips fueling today’s most transformative technologies.

📈 Market reaction: Its stock jumped around 2.6–2.8%, reaching $164 intraday—surpassing Apple’s $3.92T record—and triggering a broader tech rally that boosted the Nasdaq by nearly 1% .

Why now?

• 🚀 A 40% rally since May, driven by anticipated easing in U.S.–China trade policy and fresh chip contracts in the Middle East .
• 📊 Analyst support remains strong, with most recommending “buy” and forecasting a target price of $174 .
• 🏁 Nvidia outpaces tech peers—Microsoft and Apple both trail below $3.5T—cementing its position at the top .

Key risks to monitor:

• U.S. restrictions on chip exports to China may cut up to $15 billion in sales .
• Rising competition from foreign AI chipmakers like DeepSeek and evolving hyperscaler strategies .

The big picture: Nvidia’s entrance into the $4T club isn’t just a milestone—it’s a signal of how AI has reshaped investor narratives. While others like Microsoft may soon follow, Nvidia’s tech leadership remains unmatched—for now.