NVIDIA Sets New Standard, Closes Above $4 Trillion Mark
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Investor's Business Daily on MSNStock Market Today: Dow Falls 300 Points On Trump Tariff News; Drone Makers Are Surging, Here's Why (Live Coverage)S mall caps and blue chips lagged a generally down market Friday as the Russell 2000 and Dow Jones Industrial Average were responsible for most of the selling. Meanwhile the Nasdaq and S&P 500 tried to limit losses as Nvidia NVDA and Palantir PLTR continued to attract buyers on the stock market today.
Nvidia stock remains attractively priced, especially when considered in light of its market-beating growth.
Nvidia CEO Jensen Huang has sold 225,000 shares of company stock worth around $36.4 million. According to the recent filings with the US Securities and Exchange Commission (SEC), the transactions were executed between July 8 and July 10.
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It's also the first company not named Apple to break various trillion-dollar valuation points. Apple was the first to reach $1 trillion, $2 trillion, and $3 trillion marks. With Nvidia reaching $4 trillion first, it's a monumental occasion.
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24/7 Wall St. on MSNFirst U.S. Company to Hit $4 Trillion Market Cap: NVIDIA’s Share Price Forecast for 2025Wall Street history has been made this week by AI corporation Nvidia. On July 8, the dominating AI company reached a $4 trillion market capitalization, the first publicly traded company to ever hit this mark.
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Nvidia's earnings over the past 12 months were worth about 0.07% of global GDP, according to Deutsche Bank, while the company employed around 0.0004% of the global population. Now that Nvidia has passed the $4 trillion market-capitalization milestone,