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Nvidia Reaches $4 Trillion Market Capitalization

  • Nvidia has become the first publicly traded company to reach a $4 trillion U.S. market capitalization, with its stock rising 2% on July 9 to achieve this milestone.
  • The company's share price has significantly increased since the mid-April stock market bottom, driven by investors' interest in the artificial intelligence (A.I.) sector.
  • Nvidia is now the world's most valuable public company, surpassing Microsoft and Apple, which each have a $3 trillion U.S. market cap, showcasing the company's rapid growth.
  • The company's stock growth is attributed to the increasing demand for its A.I. hardware and microchips, with Nvidia leading in the market for graphics processing units (GPUs) powering A.I. applications. Nvidia reported a significant year-over-year profit growth and its stock is currently trading near an all-time high.

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