Nvidia is the first company in the world to achieve a market value of $4 trillion, with shares increasing by 2.4% to $164 due to rising demand for AI technology. The company reached its first trillion-dollar valuation in June 2023 and has experienced rapid growth since then. Analyst Dan Ives highlighted the significance of this milestone, stating that Nvidia's chips are now as valuable as gold and oil. Although the company faced a decline in April due to global market instability, its stock have surged back to this impressive new valuation.
Nvidia has become the first company in the world to reach a market value of $4tn, with shares rising by as much as 2.4% to $164.
Nvidia reached a market value of $1tn for the first time in June 2023, demonstrating rapid growth amid increased demand for AI technology.
Dan Ives, a tech analyst, described Nvidia's achievement as a historical moment, noting that their chips are now considered the new gold and oil.
Despite previous dips in share price due to market volatility related to tariff wars, Nvidia's stock has consistently climbed to reach this landmark.
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