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You called it, and way ahead of time! In a Seeking Alpha survey from December 2024, subscribers were polled on what would be the first U.S. company to reach a $4T market cap. Nvidia (NASDAQ:NVDA) was chosen by a landslide, beating out the likes of Microsoft (MSFT), Apple (AAPL), and others. That forecast has finally been realized, with Nvidia (NASDAQ:NVDA) hitting the milestone during the trading session on Wednesday.
Backdrop: Nvidia (NVDA) was co-founded by CEO Jensen Huang back in 1993, when it was only a company popular among video gamers. Its high-performance graphic cards were later leveraged into mainstream computing and virtual reality, but shares really took off in November 2022, following the release of ChatGPT. Nvidia (NVDA) has gone on to shrug off concerns seen at the start of the year, when there was nervousness about the release of AI startup DeepSeek, as well as air coming out of the tech rally and export restrictions on advanced chips to China.
Nvidia (NVDA) is the clear king of the AI revolution, powering the massive infrastructure buildout with its high-performing chips and AI hardware. Demand is not letting up anytime soon, given the Big Tech rivalry over the best large language models and initiatives like the Stargate Project that will drive America’s AI footprint to new heights. It’s been only “beat and raise” quarters for Nvidia (NVDA) with its massive earnings and revenues, giving this Wall Street heavyweight the dominance that should extend its growth story into the future.
Putting it in perspective: Nvidia (NVDA) as a public company is now worth more than the stock markets of entire countries, like Canada, the U.K., France, and Germany. What’s even more amazing is that Nvidia (NVDA) was a penny stock less than a decade ago. If you owned $1,000 worth of Nvidia shares in July 2015, those would now be worth $326,000. Check out the latest Nvidia articles on Seeking Alpha, including the just-published, Nvidia: $4 Trillion And Still Not Expensive, Here’s Why.