NVDA: Nvidia Stock Blasts Off to Record at $3.8 Trillion as Shares Soar 63% from 2025 Low

Majestic surge leads to a never-before-seen market cap. What’s driving the push? Speculation and expectations, mostly.

🏆 Most Valuable on the Planet

• Nvidia stock NVDA soared 4.3% on Wednesday, closing at $154.31 and pushing its market cap to a record $3.77 trillion, towering above Microsoft MSFT, at $3.66 trillion, and Apple AAPL, at $3.01 trillion.
• With this move, Nvidia became the first company ever to reach that high-water mark in the global market cap rankings, a feat fueled by unrelenting investor demand for exposure to generative AI infrastructure.
• The Jensen Huang-led tech juggernaut is now up 63% from its 2025 low, having added more than $1.5 trillion in market value since April — the most ever added by a single company in a single quarter. That’s about $500 billion added each month, or roughly $25 billion for each cash session ($3 billion per hour).

🍽️ What’s Feeding the Rally?

• It wasn’t exactly clear what drove those billions into the chip giant’s valuation. It’s clear, though, that Nvidia continues to dominate the AI hardware landscape, with its H100 and H200 GPUs still in short supply and seen as essential to powering everything from OpenAI’s models to Meta’s AI training clusters.
• Tech giants including Microsoft, Amazon, Meta, and Google are pouring tens of billions into AI infrastructure — and nearly every dollar runs through Nvidia's ecosystem, cementing its formidable monopoly-like position.
• Beyond chips, Nvidia’s vertically integrated stack — from CUDA software and networking to Grace Hopper superchips — makes it the vendor of choice for any serious AI player, giving it pricing power, moat, and defensibility.

🚜 $3.8 Trillion Is Nice, but $4 Trillion? Even Better.

• So how much is $3.8 trillion exactly? At nearly $3.8 trillion, Nvidia is now valued higher than the entire German DAX index, and more than double Australia’s GDP figure. At home, it’s about 7.3% of the S&P 500’s valuation ($52 trillion).
• What’s more, its forward price-to-earnings multiple reflects a market that expects multi-year growth without interruption. The next big test comes in late August, when Nvidia reports earnings and must show not just strong results (like the last time), but explosive forward guidance to justify scorching investor optimism.
• Bulls believe Nvidia is building the foundation of a new AI-driven industrial age — but bears warn the stock is priced for perfection, and even a slight guidance miss could trigger a sharp re-rating. Futures trading on Thursday was showing another 1% getting injected into Nvidia, potentially leading it to cross the $3.8 trillion handle. What’s next? $4 trillion?