Nvidia reigns supreme, becoming the first company to be worth $4 trillion.

Nvidia beats Microsoft and Apple. The semiconductor giant is the first company to reach a $4 trillion market capitalization, cementing its status as the king of the financial markets.

This record was achieved despite a difficult start to 2025, amid fears sparked by China's DeepSeek scandal and Donald Trump's trade war. Since May, however, Nvidia stocks have soared, gaining more than 40%, thanks in part to a series of multibillion-dollar deals signed during the US president's trip to the Middle East and renewed optimism about artificial intelligence following the China scare.

Nvidia has been the biggest beneficiary of the AI ​​boom for years, with Silicon Valley giants continuing to invest hundreds of billions to remain leaders in the new technology. Co-founded in 1993 by current CEO Jensen Huang, Nvidia has transformed itself over the past three years from a company focused on producing video game chips to a leading player in artificial intelligence. The chipmaker surpassed the $1 trillion mark just over two years ago, shortly after the launch of ChatGPT. In February 2024, it reached $2 trillion, and a few months later, in June, it broke the $3 trillion mark. A frenetic race that saw it compete head-to-head with Microsoft and Apple for months, eventually overtaking them.

Cupertino was the first company in the world to surpass $3 trillion: it was early 2022, and Nvidia was then worth $750 billion. Apple is now worth $3.1 trillion, and Microsoft is worth around $3.7 trillion. Analysts believe the semiconductor giant's surge is set to continue. Big Tech shows no signs of slowing down its investment in AI, as demonstrated by the success of OpenAI and Anthropic. Amazon, Google, Microsoft, and Meta will collectively spend nearly $350 billion on artificial intelligence this year, 41% more than last year. This boom could translate, according to some estimates, into revenues rising 55% to $200 billion this year and net income of $105 billion for Nvidia. This optimism was shared by Huang, who, during the latest conference call following the release of the first quarter fiscal year results, said: "Global demand for NVIDIA's AI infrastructure is incredibly strong. Countries around the world are recognizing AI as essential infrastructure just like electricity and the internet, and NVIDIA is at the heart of this transformation."