Nvidia becomes world’s first listed company to cross $4 trillion mcap; stock rally stuns Wall Street amid AI chip frenzy
July 10, 2025 – Nvidia Corp (NVDA) created history on Wednesday by becoming the first publicly listed company in the world to hit a $4 trillion market capitalisation, following a 2.5% surge in share price to a record high of $164. The milestone underscores the seismic impact of AI-driven chip demand and Nvidia’s dominance in the space.
This landmark moment places Nvidia’s market cap nearly on par with India’s GDP, estimated at $4.2 trillion by the IMF, and cements the firm’s role as the backbone of the global AI revolution.
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How Markets Are Reacting
Nvidia shares surged 2.5% intraday to $164
Stock has gained over 135% YTD after a 1:10 stock split
S&P 500 and Nasdaq 100 futures rose modestly, driven by tech optimism
The rally is fuelled by rising adoption of Nvidia’s Blackwell architecture, powering trillion-parameter AI models, and expanding GPU usage across cloud, automotive, and enterprise. Analysts expect sustained earnings momentum through FY26.
“Nvidia is no longer just a chipmaker—it’s the foundation layer of the AI economy,” said a tech strategist at Morgan Stanley.
Trading Outlook: Key Stocks to Watch
Nvidia’s meteoric rise could trigger a sentiment spillover into Indian tech exporters like Tata Elxsi, HCL Tech, and LTTS, especially those with AI or embedded systems exposure. Traders should watch Nasdaq trends and upcoming US inflation data for near-term direction.
Nvidia’s next earnings will be a major catalyst to watch for global tech sentiment.
