Summary
Nvidia has reached a market value of $4 trillion, becoming the first public company to do so. This growth comes with strong demand for its chips, especially for artificial intelligence, and highlights its significant role in the stock market.
Key Facts
- Nvidia's market value hit $4 trillion, a first for any public company globally.
- On a recent day, Nvidia's share price increased by 2.5 percent, reaching a record high.
- The company achieved a $1 trillion market value in June 2023 and tripled it within about a year.
- Nvidia's growth is driven by high demand for artificial intelligence technologies.
- The company rebounded 74 percent from its April lows, supported by optimistic trade deals.
- Nvidia holds the largest weight in the S&P 500 index at 7.3 percent.
- Its total revenue was $44.1 billion in the first quarter, a 69 percent increase from the previous year.
- Nvidia expects $45 billion in revenue for the second quarter and will announce results on August 27.
