Here's why Nvidia will likely become the first company to surpass $4 trillion in market value, what Nvidia and Microsoft must do to continue rising in price, and whether either growth stock is a buy now.

Nvidia shares were down 0.6% at $122.97 in early trading. The stock fell 4.1% on Wednesday. Nvidia is 13% down so far this week, through Wednesday’s close.

The AI arms race drove NVIDIA to become a $4 trillion company. NVIDIA was briefly worth $4 trillion this week. The tech giant passed that milestone and became the first $4 trillion company following a 2.5% increase in stock value at one point on July 9, 2025. The valuation of NVIDIA has since dropped to around $3.97 trillion.

AI has propelled the two companies toward an exclusive club, but Microsoft’s path forward is more complicated.

As of Thursday's close, Nvidia had a market cap of $3.396 trillion, just behind Microsoft's value of $3.409 trillion. Ultimately, shares of Nvidia closed up 3.3%, to $139.19, on Thursday.

Nvidia on Wednesday became the first company to hit a $4 trillion market capitalization as it continued to defy concerns that AI models like DeepSeek-R1 would undercut demand for its GPUs.

Nvidia earnings: Stock falls as revenue outlook beats, but not by enough Nvidia reported fiscal second-quarter earnings after Wednesday's closing bell. MarketWatch will break down the expectations ...

Nvidia's stock has nearly tripled in value this year, ... Leaving Microsoft Behind. By. Anubhav - Jun 18, 2024. ... This surpassed Microsoft’s $3.317 trillion market cap and Apple’s $3.286 ...

NVIDIA Corp NVDA has surged past a $3 trillion market cap, but it has some distance to cover as far as brand recognition is concerned.According to a consulting firm, Apple Inc., Microsoft Corp ...

Microsoft (MSFT-0.01%) lags the group, but its shares have still jumped nearly 40%. ... Alphabet and Microsoft have very good numbers, as well, but they're far behind Nvidia.