Nvidia has achieved a significant milestone by surpassing a market value of $4 trillion, making it the first company to do so. This achievement comes alongside a meeting between Nvidia CEO Jensen Huang and former US President Donald Trump at the White House on July 10. During the meeting, Trump praised Nvidia’s soaring stock performance, highlighting that the company has risen 47% since the imposition of tariffs during his administration. As Trump expressed on his social media platform, he believes the United States is benefiting economically from these trade policies, although economists have differing views on their long-term effects.
Nvidia’s stock has surged remarkably, rising approximately 74% since its lowest point in April and around 22% since the beginning of the year. Analysts from top financial firms, including Citi, Barclays, and Loop Capital, have recently adjusted their price targets for Nvidia, driven by strong demand for its upcoming Blackwell platform and a backlog of orders in the data center sector.
The market valuation leap has also had a notable impact on Jensen Huang’s personal wealth. His net worth has skyrocketed from about $20 billion in early 2022 to an estimated $143 billion as of July 10, 2023. This astonishing increase reflects not only Nvidia’s explosive growth but also outpaces the total market value of many established Fortune 500 companies.
Given the current technological advancements and the increasing reliance on data centers and AI, Nvidia’s future looks bright. As it continues to innovate and expand its offerings, its position in the tech industry could solidify even further, potentially benefiting investors, employees, and the economy at large.