Nvidia Becomes First Company to Hit $4.5 Trillion Market Cap Amid AI Boom

On September 30, 2025, Nvidia’s stock rose nearly 3% to $187.35, pushing its market capitalization past $4.5 trillion, the highest ever recorded for any company.
This milestone was driven by surging demand for AI chips, strategic investments, and strong investor sentiment.

Nvidia holds about 70% market share in AI data center GPUs and dominates the AI hardware market.
In September 2025, Nvidia announced a $100 billion investment in OpenAI, including plans to supply chips for large-scale data centers.
Formed major partnerships with Oracle and Intel, reinforcing its role in powering enterprise AI solutions.
Global AI infrastructure spending is projected to exceed $100 billion by 2029, with Nvidia’s chips central to that growth.

Nvidia’s stock is up over 39% in 2025 and 54% over the past year, outperforming industry peers.
Analysts at Citi and KeyBanc raised their price targets and maintain a “Buy” rating.
Citigroup increased Nvidia’s target price from $200 to $210, citing the OpenAI partnership and AI market expansion.

Nvidia’s GPUs are the industry standard for training AI models like ChatGPT.
AI data centers may consume up to 8.6% of U.S. electricity by 2035, showing the scale of AI-driven infrastructure growth.
China’s $100 billion “New Infrastructure” initiative highlights Nvidia’s key role in the global AI race.
Nvidia’s chips power over 75% of the world’s TOP500 supercomputers, underscoring its dominance in AI and HPC.

Market cap estimate aligns with figures from companiesmarketcap.com and Wikipedia, noting Nvidia reached $4.427 trillion by late September 2025.
Nvidia’s Q2 2025 revenue rose 56% to $46.7 billion, driven by strong demand for its Blackwell Data Center products.
Nvidia previously became the first company to exceed $4 trillion and now leads the next phase of digital infrastructure growth.