Nvidia's market cap hits $4 trillion on AI success

Nvidia achieves $4 trillion market cap, first company to do so, with shares hitting record high of $164.42. Stock ends day up 1.80%, valued at $3.97 trillion, solidifying its position as a Wall Street favorite.

Rapid growth in AI technology drives Nvidia’s market value surge. High-performance chips crucial in technological advancement. Wall Street’s trust in AI future evident through Nvidia’s success.

Nvidia rebounds 74% from April lows due to optimism around trade deals. Stock trading at 12-month forward price-to-earnings ratio of 32, below three-year average of 37. Dominance in AI industry faces challenges from competitors.

Nvidia reports $44.1 billion revenue in first quarter, a 69% increase from previous year. Second-quarter revenue expected at $45 billion, with results to be announced on August 27. Stock up 22% this year.

Read more at Yahoo Finance: Nvidia’s stock market value hits $4 trillion on AI dominance