Nvidia's $4 trillion milestone caps rise of stock market behemoth
Reaching the lofty milestone caps a massive run for Nvidia's stock price, which has soared some 1,350% since October 2022. This year, the chipmaker's shares are up about 22% against a 6% rise for the S&P 500.
Tired of too many ads?
Remove Ads
Tired of too many ads?
Remove Ads
NEW YORK -The stunning rise of Nvidia Corp to become the first publicly traded company valued at $4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector Reaching the lofty milestone caps a massive run for Nvidia's stock price, which has soared some 1,350% since October 2022. This year, the chipmaker's shares are up about 22% against a 6% rise for the S&P 500.The company's market value hit $4 trillion in morning trading on Wednesday, about 13 months after it had first reached the $3 trillion milestone.Nvidia's stock surge has given it significant weight in key equity indexes and ETFs that are more heavily influenced by companies with the biggest market values.At around 7.5%, Nvidia has the biggest weight in the S&P 500, which is widely viewed by investors as the benchmark for the U.S. stock market. The stock has an even greater presence in more tech-heavy measures, such as the popular Invesco QQQ Trust ETF and the Philadelphia SE Semiconductor Index.Its influence is less significant in the Dow Jones Industrial Average, which is weighted by stock prices as opposed to market values.Nvidia may soon have company in the exclusive $4 trillion club. Microsoft's market value was hovering around $3.7 trillion on Wednesday. Apple ranks third at about $3.1 trillion.Their massive market values also illustrate the hefty influence of tech and tech-related companies. The top seven S&P 500 weights, which also include Amazon.com, Alphabet, Meta Platforms and Broadcom, comprise about one-third of the index.Nvidia's gains also point to the increasing presence of the overall technology sector, which is by far the largest sector in the S&P 500.The tech sector's market value has grown to one-third of S&P 500 market value, nearly reaching the proportion that the sector hit during the height of the dot com bubble in 2000.Other tech stocks that have performed well in 2025 include Microsoft, up about 19% this year, Oracle, up 40%, and Palantir, up 88%.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
Google may slash Cloud costs in new government deal: Report
Google is close to finalising a cloud services deal with the US government that includes major price cuts, reports Financial Times. The report quotes a senior official from the General Services Administration (GSA) who said that the tech giant is likely to offer 'substantial discounts,' with the deal expected to be completed in the coming weeks. This development comes shortly after Oracle agreed to reduce prices by up to 75% on some software contracts, and to offer broad discounts on its cloud computing services. Google's deal is expected to land 'in a similar spot,' said the GSA official involved in the negotiations. The agency, as per the report, is also in talks with Amazon Web Services (AWS) and Microsoft Azure, adding that the discussions are at an earlier stage. 'Every single one of those companies is totally bought in, they understand the mission,' said the official, suggesting cooperation across the board. Together, Google, Amazon, Microsoft, and Oracle account for the bulk of the US government's cloud services spend, which currently exceeds $20 billion annually. Cost-cutting drive led by Trump's procurement reform by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why seniors are rushing to get this Internet box – here's why! Techno Mag Learn More Undo The push for lower prices comes under a renewed Trump administration effort to reduce government procurement costs. It's part of a broader strategy led by the Department of Government Efficiency (DOGE), formerly overseen by Tesla CEO Elon Musk. Alongside cloud services, the GSA has renegotiated deals with consulting firms like Deloitte and Booz Allen Hamilton, and is also targeting contracts with ride-hailing companies. Earlier in April, Google had already agreed to a 71% temporary discount on some Workspace contracts until the end of September. The negotiations also reflect a shift in the relationship between Big Tech and the Trump administration. During his first term, Amazon lost a $10 billion defense contract — the Jedi project — which the company claimed was due to a personal vendetta linked to Trump's opposition to the Washington Post, owned by Amazon founder Jeff Bezos. The contract was later cancelled and replaced by a $9 billion project awarded jointly to AWS, Google, Microsoft, and Oracle under the Biden administration. This time around, tech CEOs have taken a more conciliatory approach. Google's Sundar Pichai and Meta's Mark Zuckerberg appeared at Trump's inauguration, while diversity programmes within these companies have since been scaled back. Even Bezos has worked to repair ties with the president, whom he once called 'a threat to democracy.' Oppo Reno 14 Pro Review: Flagship Features Without the Flagship Price?
Time of India
an hour ago
- Time of India
Wyndham Hotels to expand in India; 50+ new properties in pipeline; more global brands on the way
Representative AI image NEW DELHI: Wyndham Hotels and Resorts, the world's largest hotel franchisor, expects India to become one of its top growth markets, with over 50 new properties in the pipeline and plans to launch more of its global brands in the country, company officials said. During a PTI interview, Wyndham Hotels and Resorts' top executives, President for EMEA Dimitris Manikis and Managing Director for Eurasia Rahool Macarius — outlined the company's plans to expand its presence in India. "We have more than 70 hotels and very soon we are going to be more than 100. ... Talking about the pipeline, as we speak, we have more than 50 hotels in the pipeline and growing. So today, I might say 50 and tomorrow the number would change. So it's a moving goal post for us but it's a very fast and sprinting goal post for us," Rahool said. Although Ramada remains their most recognised brand in India, the organisation intends to expand its current portfolio with additional brands. Dimitris explained, "We've got such a great portfolio of brands that they fit with certain markets at a certain time. So yes, the answer is yes, we're going to bring more brands. But equally, we want to make sure that we grow the brands that we currently have in India." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Switch to UnionBank Rewards Card UnionBank Credit Card Apply Now Undo He highlighted India's strong potential to become a leading global tourism destination and stressed the need for better marketing, more direct international flights, and easier visa procedures for foreign visitors. "Direct flights, absolutely critical, opening up those flights, absolutely critical, make entry into the country as easy as possible. People today what they need is, when they travel, they don't want to be burdened by long processes and difficult to get to, processes, including visas," said the Wyndham Hotels and Resorts' EMEA President. Operating over 9,300 hotels across approximately 95 countries, Wyndham Hotels & Resorts announced a partnership with Cygnett Hotels & Resorts to launch La Quinta by Wyndham and Registry Collection Hotels in India. Wyndham Hotels and Resorts operates 25 hotel brands, including Super 8, Days Inn, Microtel, Baymont, Wingate, Trademark Collection, and Wyndham. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Indian Express
2 hours ago
- Indian Express
Dolly Chaiwala announces pan-India tea stall franchise; the Internet reacts: ‘Education is scam is India'
Sunil Patil, aka Dolly Chaiwala, the Nagpur-based tea seller popular for his quirky serving style and collaboration with Microsoft co-founder Bill Gates, is now entering the business industry as he announced his plans to expand his brand, Dolly Ki Tapri, across India through a franchise model. Making it official on social media, he wrote, 'It's India's first viral street brand, and now… it's a business opportunity. From carts to flagship cafes, we're launching nationwide and looking for real people with real passion to carry this dream forward. If you've ever wanted to build something big, something desi, something truly legendary — this is your moment. Limited cities. Unlimited chai. Applications open now.' The announcement includes a link to an application form shared via Instagram Stories, highlighting three franchise formats: cart stall priced between Rs 4.5 lakh to Rs 6 lakh, store model at Rs 20 lakh to Rs 22 lakh, and flagship cafe at Rs 39 lakh to Rs 43 lakh. See here: A post shared by Dolly Ki Tapri Nagpur (@dolly_ki_tapri_nagpur) The post quickly went viral, drawing an array of reactions. While a section of social media users congratulated Patil, others highlighted the invasion of viral figures in the business world. 'Education is scam in India,' a user wrote. 'From Burger Kayega to Burger Bechunga, dolly has come a long way. All the best,' another user commented. 'Don't take any franchise .. Gotta cry tears of blood .. Already telling you .. This will make money and go to Dubai and you will be stuck here in bank auction,' a third user reacted. Born in Nagpur, Dolly Chaiwala helped his family at their tea stall from a young age. Over the years, he gained a massive following on social media due to his tea-serving style and quirky fashion sense. Fast forward to 2024, he broke the Internet with his collaboration with Microsoft co-founder Bill Gates. He became an overnight sensation.
