• The Nvidia stock price reached a record high of $164.32, expanding the company’s dominance in powering AI infrastructure.
  • Despite early-year setbacks from U.S.-China tensions, the chipmaker reported $44 billion in revenue and $19 billion in Q1 earnings.

The surging investor excitement over artificial intelligence has pushed Nvidia (NASDAQ: NVDA) briefly into the history books as the first publicly traded company to top a market value of $4 trillion. The NVDA stock soared to a new high this week.

Nvidia’s Stock Bags New ATH

Stocks of the chipmaker were trading at an all-time high during Wednesday morning hours, reaching a value of $164.32 per share. However, the stock dropped in the after-hours trading to a high of $163.36, with the market cap slipping to $3.98 trillion.

Nonetheless, the market cap of Nvidia has surpassed its tech peers with the stock of 24.4 billion outstanding shares. Microsoft ranks second with a market valuation of $3.74 trillion, and Apple has a market capitalization of $3.15 trillion, as indicated by CompaniesMarketCap. There has never been any other company to surpass the $3 trillion mark.

The sudden increased popularity of the stock of Nvidia can be explained by the fact that it is the company that is in the midst of the AI revolution, as reported by CNF in April. Initially focused on supplying powerful graphics cards used in gaming, Nvidia eventually found its way into the crypto mining hype.

Thereafter, the company became the largest provider of high-tech AI processors. Its GPUs have become the basis of the infrastructural support of bulk AI models and platforms.

Analysts say this shift towards AI has redefined how companies prioritize their investments. “It highlights the fact that companies are shifting their asset spend in the direction of AI, and it’s pretty much the future of technology,” said Dakota Wealth’s Robert Pavlik in a statement , according to Reuters.

A Look At Nvidia’s Q1 Earnings Report

Further, Nvidia achieved good Q1 results despite turbulence earlier this year. The NVDA stock lost more than half a trillion of market cap in January amid heightened scrutiny over Chinese competition and US export policy. The revenue grew to $44 billion, and the earnings reached the highest point of $19 billion, which is 26% year-over-year.

Recently, it has marked a sharp recovery. The stock of Nvidia has gained 21.3% in the year 2025 to date, outperforming a 6.5% rise in the SP 500 during the same time frame.

The rise of Nvidia also leaves a lengthy shadow on the crypto markets. Bitcoin recently revisited the high of $111,000, lifting its market cap to $2.2 trillion. Nonetheless, despite the spike in digital assets, the entire crypto market, with its total capitalization of around $3.53 trillion, is still less than Nvidia.

On the other hand, it has also resulted in a strong rally in AI coins today. Top AI coins like Bittensor (TAO), Render, and Internet Protocol (CIP) have all rallied by 5-10%. Following the peak in mid-2024, AI coins have been moving sideways so far. This Nvidia-led AI boom could revive the animal spirits for the crypto AI sector once again.