Nvidia CEO Jensen Huang on June 11, 2025 in Paris. (Photo: Chesnot/Getty Images)Nvidia stock rose so high during trading yesterday that it took the company’s market capitalization
oh so briefly past $4 trillion.
It’s the first member of the Magnificent 7 tech firms to achieve the feat, making Nvidia the world’s most valuable company.
Interestingly, it’s the first trillion-dollar market cap milestone where Apple
wasn’t the company to manage it.
Readers of this newsletter will hardly be surprised at either of those statements.
Nvidia, of course, is far and away the leader in supplying the chips powering the AI revolution. Meanwhile Apple has struggled to find its AI footing, to the point where it has begun to hurt iPhone sales.
What’s remarkable is how fast Nvidia managed to get there. The Silicon Valley chipmaker reached every trillion-dollar market cap milestone in a tick over two years’ time.
Apple and Microsoft, the only two companies to have reached $3 trillion in market value, took up to seven years to climb the trillion-dollar ladder.
It’s not all sunshine and rainbows for Nvidia CEO Jensen Huang, though. Geopolitical tensions have made growth in China—its third largest market and 13% of total revenue—difficult and rival chipmakers are keen to erode its lead.
—AN