Nvidia Becomes First $4 Trillion Company

A historic milestone

On Wednesday, July 10, 2025, Nvidia became the first company in history to reach a $4 trillion market cap — beating out Apple’s previous record.

Shares jumped 2.8%, closing at $164.36, after a surge that began in early May, when:

• President Trump hinted at easing trade tensions with China

• Nvidia signed multibillion-dollar chip deals in the Middle East

• and the AI boom kept gaining speed
  

Powered by AI — and ambition

Nvidia is the top supplier of AI chips, fuelling everything from ChatGPT to Anthropic and beyond.
CEO Jensen Huang has been clear from the start:

“AI and robotics will drive trillions in revenue. And Nvidia will lead the way.”

Last quarter alone, Nvidia posted a 70% jump in sales.
Forecasts for 2025 are jaw-dropping:

• $200 billion in revenue (+55%)

• $105 billion in net income

• Over 70% gross margins
  

Bumps in the road

Earlier this year, Nvidia's stock cooled off.
The cause? US export restrictions, concerns over sustained chip demand, and rising competition — especially from China’s DeepSeek, which claims to train AI models using far less compute power.

But Nvidia pivoted fast, leaning into “sovereign AI” deals across Europe and the Gulf, and keeping Big Tech customers fully stocked.

From $1tn to $4tn in record time

Nvidia’s momentum is unlike anything Wall Street has seen.

• $1 trillion in 2023

• $2 trillion in Feb 2024

• $3 trillion in June 2024

• $4 trillion in July 2025

All thanks to the global hunger for AI compute.

As Huang put it last month:

“The more AI, the better the bottom line. The absence of AI is the only thing I worry about.”