Nvidia becomes first $4 trillion company as AI demand explodes

Nvidia has become the first publicly traded company to reach a $4 trillion market capitalization, driven by soaring demand for its AI chips. The semiconductor giant's stock surged to a record $164 per share, marking a rapid valuation increase from $1 trillion in June 2023 to $4 trillion in just over a year—faster than tech giants Apple and Microsoft, which have also surpassed $3 trillion valuations. Nvidia now holds the largest weight in the S&P 500 at 7.3%, surpassing Apple and Microsoft, and its market value exceeds the combined stock markets of Canada and Mexico as well as all publicly listed UK companies. This historic rise is fueled by the global tech industry's race to develop advanced AI models, all heavily reliant on Nvidia’s high-performance chips. Major players like Microsoft, Meta, Google, Amazon, and OpenAI depend on Nvidia hardware for AI training and inference tasks. The launch of Nvidia’s next-generation Blackwell chips, designed for massive AI workloads, has intensified