After failing to close at the level needed to clinch a $4 trillion market capitalization a day earlier, Nvidia Corp.'s stock sealed the deal on Thursday.
Nvidia CEO Jensen Huang will meet U.S. President Donald Trump at the White House on Thursday, a day before the former's planned trip to China, Bloomberg News reported on Thursday.
Nvidia CEO Jensen Huang will meet with President Donald Trump at the White House on Thursday, CNBC's Megan Cassella reported. The meeting comes as Nvidia rose slightly on Thursday, becoming the first company to close a trading day with a market cap over $4 trillion.
The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than 10-fold following ChatGPT's release in late 2022.
With the progress of artificial intelligence (AI), NVIDIA Corporation NVDA has experienced rapid business growth. However, SoundHound AI, Inc. SOUN, a provider of voice AI platforms, saw its shares outpace NVIDIA's last year.
Yesterday, Nvidia (Nasdaq: NVDA) became the first company to surpass a $4 trillion market capitalization. The AI chip giant did so on the strength of its position in the artificial intelligence race that has been sweeping the globe.
NVDA hit $4T market cap as demand for its AI chips surges and the company is outpacing rivals.
If it wasn't already clear to investors, the demand for data centers will be a catalyst for semiconductor stocks for years, if not decades. It's why investors continue to buy into the growth of chip makers like NVIDIA Corp. NASDAQ: NVDA.
Goldman Sachs has started coverage on NVIDIA (NASDAQ: NVDA), with a price target of $185 and a Buy rating.
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The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.
Nvidia became the first company in history to achieve a $4 trillion market valuation. Co-founder Jensen Huang will meet with senior Chinese officials in Beijing next week, signaling the company's commitment to a vast market Washington is increasingly seeking to isolate.