Nvidia’s share price has expanded to nearly 2.5%, with its market value surpassing $4 trillion, becoming the first company to reach this milestone.
For more reports: Nvidia breaks new records as it becomes the first company to reach a market value of $4 trillion (Cailian Press)
According to Cailian Press on July 9th, Nvidia’s stock price reached a milestone today. This AI computing company saw its stock price hit another record high within the day, rising by 2.5% to $163.9 per share, bringing its total market value to $4 trillion, surpassing the combined market value of stocks from countries like the UK, France, and Germany. Nvidia’s stock price has risen by 89% since its April low. The rise in Nvidia’s stock price is attributed to market expectations for its leading position in the AI field and anticipation for a surge in demand for its AI chips. Recently, Loop Capital analyst Ananda Baruah raised Nvidia’s target price from $175 to $250, equivalent to a market value of approximately $6 trillion.
