NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy.
Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each.
The poster child of the AI boom, Nvidia has grown into the most valuable company in the world, surpassing Microsoft, Apple, Amazon and Google parent Alphabet. The stock’s movement carries more weight on the S&P 500 and other indexes than every company except Apple. Two years ago, Nvidia’s market value was below $600 billion.
In its most recent quarter, Nvidia overcame tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered AI chips.
Nvidia earned $18.8 billion, or 76 cents per share, in the period, a 26% increase from the same time last year. Revenue surged 69% from a year ago to $44.1 billion. If not for a $4.5 billion charge that Nvidia absorbed to account for the U.S. government’s restrictions on its chip sales to China, Nvidia would have made 96 cents per share, far above the 73 cents per share envisioned by analysts.
Nvidia reports its second-quarter results next month. Wall Street is expecting another quarter of record sales and profit for the Santa Clara, California, company.
Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently. Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation and possible pain coming for the U.S. economy from tariffs and other policies of President Donald Trump.
Related Posts:
- Chipmaker Nvidia becomes most valuable company in the world at $4 trillion News NEW YORK (AP) — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. Related Articles The…
- Little green man becomes little green woman with soccer ball for Euro 2025 in Switzerland News BASEL, Switzerland — Law-abiding pedestrians wait for the green woman kicking a soccer ball before they cross the road during the Women’s European Championship. Authorities in the Swiss city of Basel have installed 12 of the altered pedestrian crossing lights at locations frequented by soccer fans while the country hosts…
- 40-Year-Old Actress Becomes Hollywood’s Highest-Grossing Film Star Entertainment Tinseltown officially has a new reigning box office titan, as Scarlett Johansson has soared into the top spot as Hollywood’s highest-grossing actor with the release of “Jurassic World Rebirth.” Entertainment Weekly says the film raked in $318 million worldwide on its July 2, 2025 premiere. Deadline reported on July 7…
- Choosing to enjoy the pleasure of my own company at a table for one News “Table for one?” the waitress asked me with a touch of “poor dear” in her voice. She couldn’t imagine that I was excited about it. “Maybe you’d be happier at the counter, hon?” she said, folding a sentence into a question by the tone of her voice “I’ve done counters.…
- A reignited Trump-Musk feud burns Tesla investors, shares of EV company tumble 7% News By MATT OTT Shares of Tesla tumbled 7% Monday as the feud between CEO Elon Musk and Trump reignited over the weekend. Musk, once a top donor and ally of Trump, announced that he was forming a third political party in protest over the Republican spending bill that passed late…
(Visited 1 times, 1 visits today)