Nvidia has once again captured the title of the world’s most valuable company, edging past Microsoft with a market capitalization of approximately $3.77 trillion as of June 26, 2025, following a stock price close of $155.02. The catalyst behind the surge: surging demand for its AI-focused chips—particularly its Blackwell-generation GPUs—and a market-wide rally led by renewed optimism in artificial intelligence.
What propelled Nvidia back to #1?
- Blackwell architecture momentum: Nvidia’s rollout of its next-gen AI chips, based on the Blackwell microarchitecture (e.g., B100, Blackwell Ultra), has driven skyrocketing demand from hyperscalers, cloud providers, and enterprise AI users.
- Broad AI adoption: Rapid expansion in AI applications—from data centers to generative AI—has fuelling unprecedented investment in Nvidia’s GPU ecosystem.
- Macro tailwinds: Declining interest rates, easing trade tensions, and robust earnings across the tech sector have created a favorable backdrop.
How close is Nvidia to $4 trillion?
While Nvidia currently sits just under $3.8 trillion, multiple Wall Street analysts project it will cross the $4 trillion threshold this summer—with some even forecasting a breathtaking climb to $5 trillion within the next 18 months.
Loop Capital’s Ananda Baruah envisions a possible $6 trillion valuation in the coming years, riding on sustained exponential growth in AI infrastructure spending.
Risks on the horizon
- Emerging in-house AI chips: Industry titans like Amazon, Meta, and Google are developing their own AI silicon to reduce dependence on Nvidia—a trend that could potentially pressure Nvidia’s pricing power.
- Geopolitical constraints: Export restrictions, particularly on China-bound shipments, continue to weigh on near-term growth and revenue forecasts .
Snapshot: Nvidia’s Key Metrics
| Metric | Value |
|---|---|
| Market Cap | ~$3.77 T |
| Stock Price (June 26, 2025) | $155.02 |
| Architectures Driving Growth | Blackwell (B100, Ultra) |
| Key Catalysts | AI demand, data centers, macro trends |
Why this matters
Nvidia’s resurgence to the forefront underscores the seismic shift to AI-powered computing—where GPUs rather than CPUs are becoming the backbone of modern tech infrastructure. If Nvidia breaks through to $4 trillion, it would mark an unprecedented valuation in corporate history, highlighting the market’s faith in AI’s expansive future.
Looking ahead
As Nvidia looks to scale this valuation milestone, all eyes will be on earnings, AI hardware adoption rates, and potential countermeasures by competitors. A breakthrough to $4 trillion would not only solidify Nvidia’s dominance—but also set the stage for the next frontier: the colossal $5 trillion–$6 trillion club.
In summary, Nvidia has reclaimed the top position among global public companies with a $3.77 trillion valuation. Fueled by AI-driven demand and innovation, it is poised to breach the $4 trillion mark this summer, with potential to climb much higher—if it can weather the rising tide of competition and geopolitical headwinds.
