During the early trading session on July 9, NVIDIA's stock surged nearly 2.8% to $164.42 (approximately ¥1,178.58), briefly pushing its total market capitalization beyond $4 trillion. This milestone makes NVIDIA the first company globally to achieve this feat. Currently, only three companies exceed $3 trillion in valuation: Microsoft ranks second at $3.75 trillion, followed by Apple at $3.14 trillion
The valuation surge stems from multiple factors. Financially, NVIDIA reported $44.062 billion in revenue for its first quarter of fiscal 2026, a 69% year-over-year increase, with net profit rising 26% to $18.775 billion. On the product front, 76% of the world's TOP 500 supercomputers rely on its GPU solutions, while major AI research institutions like OpenAI depend heavily on NVIDIA's H100/H200 series chips for large-scale model training. The newly launched Blackwell architecture products, which double performance compared to predecessors, now contribute nearly 70% of data center revenue.
Policy-wise, the U.S. Department of Commerce designated NVIDIA as a "core enterprise for American technological competitiveness," potentially streamlining export approval processes for certain high-end chips1. Meanwhile, Blackwell-based GB200 chips, with 208 billion transistors and 30x improved inference performance over H100, have secured massive orders from clients like Microsoft (1,400-1,500 cabinets) and Amazon (300-400 cabinets).
Wall Street analysts remain bullish. Loop Capital analyst Ananda Baruah set the highest target price at $250, which, if realized, would value NVIDIA at $6 trillion. This optimism is further fueled by NVIDIA's strategic moves, such as its upcoming Rubin platform (scheduled for 2026) and partnerships with TSMC for advanced chip manufacturing using computational lithography.
Notably, NVIDIA CEO Jensen Huang recently sold 225,000 shares under a pre-approved 10b5-1 plan, cashing out approximately $38 million as part of his compensation package. Despite insider trading concerns, the company emphasized compliance with SEC regulations, with Huang retaining a significant stake in the firm16.
With Blackwell already powering next-gen data centers and AI applications, NVIDIA's dominance in GPU innovation and ecosystem integration—coupled with policy tailwinds—continues to solidify its position as a cornerstone of the global AI economy. As AI demand escalates, its market leadership appears increasingly unassailable.
