AI mania pushes Nvidia to record $4 trillion valuation
1 min read
Summary
Nvidia has become the first company to reach a $4tn market valuation, with its shares rising 2% on Wednesday.
The company’s growth has been driven by demand for AI hardware, notably in GPUs, with its data centre GPUs performing a vital function in running AI models.
Its GPUs are used by OpenAI, Microsoft and other companies requiring tens of thousands of these chips to run services such as ChatGPT and AI image generators.
Nvidia’s valuation has continued to grow upwards of 15% over the last month, despite investor panic over China’s emergence of its DeepSeek AI model and a Trump tariff announcement.
