By Zainab Shafiq 
Nvidia surpasses Apple again, and this time, with a historic twist. On Wednesday, Nvidia became the first publicly listed company in the world to hit a market capitalisation of $4 trillion, outpacing both Apple and Microsoft in a stunning display of Wall Street dominance. It’s more than a stock surge; it’s a tech power shift powered by the rise of artificial intelligence.
Fueled by unprecedented demand for its AI chips, Nvidia’s shares jumped 2.5% to a record-breaking $164, crowning a meteoric run that’s defied broader market trends. Notably, Nvidia surpasses Apple in valuation after tripling its worth from $1 trillion to $4 trillion in just over a year, far faster than any tech giant before it.
The Chip Power Behind the AI Boom
Once a gaming graphics company, Nvidia now sits at the heart of the global AI revolution. Its hardware powers everything from machine learning models to cloud infrastructure, giving it a unique edge as tech companies race to build smarter, faster systems.
The numbers are staggering. In Q1 alone, Nvidia pulled in $44.1 billion in revenue, a 69% jump year-over-year, and expects another $45 billion in Q2. It holds a 7.3% weight on the S&P 500, more than Apple and Microsoft combined. And in terms of sheer scale, Nvidia’s market value now eclipses the combined worth of every publicly traded company in the UK.
Wall Street’s New Favourite
Investors are leaning in hard. Despite April’s brief slump triggered by U.S. trade tensions and China’s discount AI model, Nvidia has rebounded nearly 74%, restoring confidence and driving the broader semiconductor rally. The company now trades at a 12-month forward price-to-earnings ratio of 32, below its own 3-year average, suggesting there’s still room to run.
With the AI boom far from over, and as Nvidia surpasses Apple in valuation and innovation, analysts see little reason to doubt its staying power. All eyes now turn to August 27, when Nvidia reports its Q2 results, and potentially rewrites history once more.
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