$4 trillion: Nvidia the big winner in the AI race
On Wednesday, July 9, the semiconductor manufacturer became the first company in the world to surpass $4 trillion in market capitalization. This surge was driven by the tremendous appetite of tech giants for its chips and investor optimism about future developments in artificial intelligence.
It's a "surprising" rebound, Bloomberg points out . Nvidia had had a difficult start to the year due to the launch of DeepSeek in January. The Chinese chatbot, developed at low cost, heralded the end of massive investments in artificial intelligence (AI) chips. As for the trade war decreed by Donald Trump, with restrictions imposed on exports to China (where Nvidia generates part of its revenue), it didn't help matters.
But since then, the appetite of major tech groups for the Santa Barbara firm's chips has only grown – Microsoft , Meta, Amazon and Alphabet alone represent 40% of its turnover. And Nvidia's share price "has increased by more than 20% in a few months", to the point where the company founded by Jensen Huang crossed the symbolic threshold of 4,000 billion dollars (3,400 billion euros) in market capitalization on Wednesday, July 9.
Nvidia has thus become “the first beneficiary of a technology boom that has surpassed the most glorious days of the dot-com bubble,” notes the Financial Times . The company owes this to “its dominance in chips that power AI services such as ChatGPT, the OpenAI chatbot, the fastest-growing app
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