Nvidia Breakout Puts $4 Trillion Market Value Within Reach

Jensen Huang, co-founder and chief executive officer of Nvidia Corp. announcing new chips.

Photographer: Bridget Bennett/Bloomberg

Two years after Nvidia Corp. made history by becoming the first chipmaker to achieve a $1 trillion market capitalization, an even more remarkable milestone is within its grasp: becoming the first company to reach $4 trillion.

After the emergence of China’s DeepSeek sent the stock plunging earlier this year and stoked concerns that outlays on artificial intelligence infrastructure were set to slow, Nvidia shares have rallied back to a record.