NVDA: Nvidia Stock Tops $4 Trillion, Becoming First Company to Ever Hit That Milestone

The $100 billion that was needed before Monday’s cash session? That took a mere 30 minutes to fill after the opening bell. And then it dipped a bit. Also, Bitcoin just popped to an all-time high, too. COINcidence?

🔥 Nvidia Shares Rally Hard

• Nvidia stock NVDA cracked a new threshold — the company that ushered the next-generation technology also showed the world a next-generation valuation.
• The chipmaking juggernaut’s market cap hit $4 trillion on Wednesday, becoming the first company to ever climb so high. Prior to the opening bell, Nvidia was sitting at $3.9 trillion. That $100 billion needed took a mere 30 minutes to fill.
• Shares popped to an all-time session high of $164.42, but then pared back some of the gains and clocked out for the day at a record closing high of $162.88 a piece, valuing the stock at $3.97 trillion.

🤑 How’s 40x in 6 Years?

• The rarefied air above the $4 trillion handle was unthinkable just six years ago. Back in 2019, Nvidia broke $100 billion for the first time when crypto was the hottest thing in town and Ethereum miners were stacking up graphics cards.
• Now the absolute unit of a public company is riding the wave of artificial intelligence with just about every tech firm (and some governments, too) lining up to shell out billions for Nvidia’s AI chips.
• From that $100 billion valuation to today, Nvidia has added 4,000% to its share price, outperforming just about every other big public company. But not only — remember Bitcoin? It’s nowhere near Nvidia’s returns.

🚀 Bitcoin Clocks a Record, Too

• Bitcoin prices BTCUSD hit a record high, too, joining Nvidia’s rally. The OG coin blasted through $112,000 per token, eclipsing its previous all-time high of $111,900 hit a few months back.
• Quick side-by-side: back in 2019, a single Bitcoin was going for as low as $8,000 with a total market cap of $100 billion. Early Thursday, the flagship crypto was worth just over $2.3 trillion, or a little more than half of Nvidia’s valuation.
• That puts its 2019-to-date returns at roughly 1,500%. And they say crypto is volatile? Anyway, it’s Nvidia’s stock market and we’re all just living in it.