Nvidia becomes first public company with $4 trillion valuation

Nvidia surpasses a $4 trillion market valuation, marking the first publicly traded company to do so, driven by the AI boom. Nvidia’s market value briefly dips below $4 trillion, overshadowing Apple’s $3 trillion value. Apple struggles to integrate AI features, prompting speculation of acquiring an AI start-up for momentum.

Former Apple design guru Jony Ive partners with OpenAI on a wearable AI device, while Nvidia meets high demand for AI chips. Tech giants like Microsoft and Amazon budget $325 billion for AI investments, benefiting Nvidia. Nvidia’s stock price skyrockets tenfold to $4 trillion, with analysts predicting a rise to $4.8 trillion soon.

Nvidia CEO Jensen Huang is hailed as the “godfather” of AI, with a fortune estimated at $142 billion. Despite a temporary setback due to tariffs and a market sell-off, Nvidia rebounds with another strong quarter, recording an $18.8 billion profit. The Santa Clara-based company is set to release its next quarterly report on Aug. 27.

Read more at Yahoo Finance: AI kingpin Nvidia crowned as first public company with a $4 trillion valuation