NVIDIA has reached a historic milestone by becoming the first publicly traded company in the United States to achieve a valuation of $4 trillion. This achievement marks a significant shift in the tech landscape, highlighting the growing prominence of artificial intelligence (AI) over traditional wireless technology.
In the past, Apple dominated the market with its wireless ecosystem, establishing itself as the most valuable publicly traded company. The tech giant was the first to hit a $1 trillion valuation in 2018, followed by $2 trillion in 2020 and $3 trillion in 2022.
However, the technology world has evolved, and AI has captured the public’s and experts’ attention, overshadowing the wireless boom. NVIDIA’s recent valuation reflects Wall Street’s recognition of this change.
The company, which specializes in designing Graphics Processing Units (GPUs) used for processing image and video data, has found itself at the forefront of the AI revolution. With a staggering market share of 90%-92% in AI accelerators, NVIDIA is now positioned as a key player in driving the development of AI technologies.
Although NVIDIA’s stock reached $164.42 at one point before evening out at approximately $162.88, thereby closing with a valuation of around $3.97 trillion, it is clear that the early days of AI are just beginning. Microsoft, with its $13 billion investment in OpenAI, currently holds a valuation of $3.74 trillion, while Apple lags behind at $3.15 trillion.
As it stands, NVIDIA has overtaken Apple as the most valuable U.S. publicly traded company. However, this dynamic may not last forever.
Just as wireless technology once commanded the spotlight, the next major innovation will eventually emerge. For now, it’s AI’s moment to shine, signaling a new era in technology.