Silicon Valley’s crown has a new jewel, as Nvidia catapulted its market capitalization to an astonishing $4 trillion on Wednesday, becoming the first public company worldwide to touch this milestone and intensifying the seismic shift AI has sparked across global markets.

Momentum has been relentless for the California-based chip giant, whose shares climbed as much as 2.5% to an all-time high of $164, driven by surging demand for its cutting-edge semiconductors that power generative AI, data centers, and high-performance computing.

Analysts highlight that Nvidia’s transformation—from a niche gaming GPU producer to the beating heart of the AI revolution—has been breathtakingly swift. “It started out as being a gaming chipmaker and then a crypto mining chipmaker and now as a chipmaker for artificial intelligence computing power,” noted Art Hogan, chief market strategist at B Riley Wealth, underlining the company’s adaptability and prescient strategy.

Confidence in Nvidia’s future has ballooned, especially after the stock rebounded roughly 74% from its lows in April, overcoming jitters stirred by China’s DeepSeek and global trade tensions. Investors now view Nvidia’s silicon as indispensable infrastructure for AI training and inference, cementing its dominance even as rivals like AMD and Intel race to catch up.

Figures tell the story: Nvidia’s $4 trillion valuation now eclipses the combined market capitalization of all UK-listed firms and even the entire Canadian and Mexican stock markets. The firm commands a 7.3% weight in the S&P 500, topping even tech titans Apple and Microsoft, who hover near 7% and 6% respectively.

Financials further bolster the narrative. Nvidia posted $44.1 billion in first-quarter revenue—a stunning 69% leap year-over-year—and eyes $45 billion in revenue for Q2. Its shares have surged over 22% this year, outpacing the Philadelphia Semiconductor Index’s nearly 15% gain.

Future prospects hinge on Nvidia’s forthcoming earnings on August 27, where investors will scrutinize guidance for any hints of slowing AI momentum. Until then, Wall Street appears firmly convinced that the chipmaker isn’t merely riding the AI wave—it’s steering it.

Full details are available in the Reuters report.