Nvidia (NASDAQ: NVDA) is once again the center of Wall Street’s attention. The stock traded at $159.85 in premarket hours on July 9, 2025, gaining 0.31%, and placing the chipmaker within reach of two major milestones: a new record market cap and an unprecedented $4 trillion valuation.
Nvidia stock inches toward all-time highs
Nvidia shares have surged 40% over the past three months, rebounding from trade-related concerns and riding the continued wave of AI investment. If the stock closes above $160.46, it will eclipse Apple’s all-time market cap record of $3.915 trillion. A close above $163.93 would make Nvidia the first company ever to reach $4 trillion in valuation.
Investors remain bullish despite temporary revenue setbacks, including an $8 billion hit in Q2 due to updated chip export restrictions. That policy change disrupted sales of Nvidia’s H20 chips in China, but analysts expect new opportunities to offset the loss in the second half of 2025.
Strong earnings, dominant market share
Nvidia’s most recent quarterly report showed 69% year-over-year revenue growth, driven by explosive demand in its data center and AI segments. The company commands a 90% market share in data center GPUs—a level of dominance rarely seen in the semiconductor space.
For fiscal year 2026, Nvidia is expected to generate $200 billion in annual revenue, with projections increasing to $250 billion in fiscal 2027. That growth is tied directly to rising demand for AI infrastructure and large language model deployments worldwide.
Global expansion and key growth catalysts
Nvidia is now pivoting toward new international growth opportunities, including Europe, where AI adoption has historically lagged. CEO Jensen Huang recently outlined a strategy to jumpstart AI infrastructure across the continent—an initiative that could drive significant revenue over the next few quarters.
Meanwhile, the U.S. market remains strong. Nvidia’s GPUs are central to new trends in robotics, autonomous vehicles, and data center expansion. Companies like Amazon and Tesla are building out massive AI-powered fleets, increasing demand for high-performance chips.
A potential trade agreement between the U.S. and China may also restore access to the Chinese market. If a deal allows Chinese firms to resume purchases of Nvidia’s advanced chips, the company could recoup billions in lost revenue, giving the stock another upward push.
Valuation and investor outlook
At 37x forward earnings, Nvidia stock is expensive—but not outrageously so by recent standards. In both 2023 and 2024, the stock traded at higher multiples. The current valuation reflects both optimism and caution as investors await confirmation of 2026 growth momentum.
Still, analysts argue that at least one major catalyst—whether China reentry, European growth, or renewed U.S. data center investment—could trigger another rally before year-end. With the AI infrastructure boom still in its early stages, Nvidia remains one of the top stocks to watch.
Bottom line
Nvidia’s current price action reflects more than hype—it’s a reaction to real revenue, dominant market share, and secular demand. If the company breaks above the $163.93 mark, it will cement its place in history as the first $4 trillion stock. Whether that happens this week or later in 2025, Nvidia’s leadership in AI makes it one of the most influential forces in global tech markets today.