AI, NVIDIA
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Bitcoin at $117,000 and Nvidia crossing $4 trillion in market value isnt just hype — it might signal the start of a massive tech-crypto supercycle. With AI booming and crypto going mainstream in the U.
Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.
NVIDIA’s market value broke a record on Wednesday after dipping in spring amid political uncertainty and chip restrictions.
Listed in 1999, it was valued around $1 billion, when it was listed. It soared 4,000 times or 4,00,000 per cent from those levels to hit $4 trillion market capitalization.
Key Takeaways Citi analysts raised their price target for Nvidia stock to $190 from $180, citing growing demand for sovereign AI.Nvidia is “involved in essentially every sovereign deal," the bank said,
The 4th of July is a national holiday, and both the NASDAQ (where NVIDIA is traded under the stock symbol NVDA) and New York Stock Exchange are closed in observance of the holiday. So NVIDIA's next opportunity to make history is at the end of the trading day on July 7,
Wall Street is betting Nvidia can make stock market history again. After the chipmaker powered its way to a $4 trillion valuation, the first company to ever reach the milestone, analysts still see room for the stock to grow.
The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than tenfold after ChatGPT’s release in late 2022.