By George Glover

Nvidia became the first company to ever hit a $4 trillion valuation, following another stellar spell for the artificial-intelligence chip maker's stock.

Shares have jumped 40% over the past three months, rebounding as the broader market got over the worst of its tariff fears, even though CEO Jensen Huang warned in May that curbs on chip exports to China could dent sales by $15 billion. Investors are also hopeful that the surge in demand for AI will carry on boosting the company's earnings.

Nvidia stock was up as much as 2.5% to $164 in trading Wednesday. That put it above the $169.93 threshold needed to reach a $4 trillion market capitalization, according to Dow Jones Market Data.

Shares also were on course for another milestone: If they can finish the day at or above $160.46, Nvidia would pass the record $3.915 trillion closing market capitalization that Apple reached in late December, according to Dow Jones Market Data.

Other chip stocks were also rising on Wednesday, having surged the previous session despite an obvious catalyst. Advanced Micro Devices climbed 1.4%, Qualcomm gained 1.2%, and Broadcom added 1.5%. The S&P 500 was up 0.5%.

Write to George Glover at george.glover@dowjones.com

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July 09, 2025 09:49 ET (13:49 GMT)

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