Nvidia (NASDAQ:NVDA) shares hit a new record on Tuesday, rising nearly 3% and making the chipmaker the first company to hit a $4.53 trillion market cap.
Shares rose 2.6% on Tuesday to close at $186.58 on September 30. Nvidia has raced through market cap milestones in recent years, crossing $3 trillion in June 2024 and $4 trillion in July 2025 as demand for its AI chips continues to surge.
Market caps of other megacap tech peers stand at: Palantir Technologies (PLTR) $432.58B; Oracle (ORCL) $801.76B; Broadcom (AVGO) $1.56T; Apple (AAPL) $3.78T; and Advanced Micro Devices (AMD) $262.56B.
Nvidia (NASDAQ:NVDA) has advanced 39% year-to-date, boosted by a string of artificial intelligence infrastructure deals. Nvidia recently struck a landmark partnership with Microsoft-backed (MSFT) OpenAI, committing up to $100 billion to build AI infrastructure capable of supporting at least 10 gigawatts of compute power.
OpenAI later unveiled plans with Oracle (ORCL) to build five massive new data centers, designed to house hundreds of thousands of GPUs. OpenAI isn’t the only one scaling up—Meta (META), Google (GOOG) (GOOGL), and other tech giants are also pouring heavily into infrastructure. On Tuesday, CoreWeave (CRWV), a cloud provider backed by Nvidia, announced a $14.2 billion deal to deliver AI infrastructure services to Meta.