NVIDIA appears to be unstoppable in the tech sector as its investments in AI have fueled a record-setting, fast-paced climb to the top. One would’ve had to be locked away in a cave for the last decade with no connection to the outside world in order not to have at least heard about NVIDIA’s continued rise within the global tech industry. The company, once known primarily for its PC graphics cards used for gaming or content creation, expanded into the enterprise sector some time ago and subsequently began internal research into developing artificial intelligence technology. Since then, Wall Street analysts have kept a close eye on the company’s meteoric rise with seemingly astronomical forecasts based on its dominance with AI-focused products.
The GPU manufacturer, once valued at $1 trillion in May 2023, made its first gargantuan leaps in 2024 as it first surpassed Amazon and Google by reaching $2 billion at the start of that year. It then went on to compete neck and neck with Apple and Microsoft once it reached over $3.34 in June 2024, and despite a slower climb a year later, it briefly topped at just over $4 trillion yesterday, making it the first publicly traded company to break the $4 trillion cap. However, by the end of the day, its value had dipped slightly to just below that mark, at $3.97 trillion.
Meanwhile, Apple’s market capitalization sits at $3.15 trillion, but Microsoft could be the next tech giant to cross the $4 trillion line, as it currently is listed with a $3.74 trillion cap, but it still remains to be seen what effect recent layoffs announcements will have on the software publisher/console manufcaturer’s fiscal standing. NVIDIA’s sluggish market cap in 2025 could easily be attributed to a number of factors, ranging from tariffs and export restrictions of its AI chips to Chinese rival startup Deepseek, which resulted in a single-day $600 billion loss back in January. Since then, NVIDIA seems to have regained its momentum and is once again leading the pack.