The AI arms race drove NVIDIA to become a $4 trillion company. NVIDIA was briefly worth $4 trillion this week. The tech giant passed that milestone and became the first $4 trillion company following a 2.5% increase in stock value at one point on July 9, 2025. The valuation of NVIDIA has since dropped to around $3.97 trillion.

AI chip giant Nvidia is the first company in history to reach a market valuation of $4 trillion, but it likely won't be the last.