Nvidia Inches Closer To Record $4 Trillion Market Value

Nvidia is approaching a historic $4 trillion market valuation, with its stock closing at a record $160 per share at one point this week, just shy of Apple’s all-time high market cap of $3.915 trillion set in December. George Glover and Al Root reported the story for Barron’s Daily.

Nvidia shares would need to reach $160.46 to beat Apple’s previous market cap record. I Image: NVIDIA Facebook

Nvidia’s meteoric rise has been fueled by expectations of continued explosive demand for artificial intelligence (AI) technologies.

CEO Jensen Huang previously warned that U.S. restrictions on chip exports to China could cost the company $15 billion in revenue, but investors seem to be brushing aside geopolitical risks.

Other chip stocks—AMD, Intel, and Qualcomm—also saw gains. Intel’s 7% surge puzzled analysts, though Mizuho tech specialist Jordan Klein cited a broad investor rotation into semiconductor stocks.

Short interest in chip stocks is high. In the Russell semiconductor index, the average short interest is about 7%, compared to 3% for the S&P 500.

According to Dow Jones Market Data, Nvidia shares would need to reach $160.46 to beat Apple’s previous market cap record, and $163.93 to officially become the first company ever to hit $4 trillion.