Nvidia(US:NVDA) Sou Hu Cai Jing·2025-07-09 23:12Core Viewpoint - Nvidia's market capitalization has surpassed $4 trillion, making it the largest technology company globally, overtaking Microsoft [1][3]. Group 1: Market Performance - Nvidia's stock price rose by 2.8% to $164.42 per share on July 9, marking a significant milestone in its market valuation [1]. - The company became the first in history to reach a $4 trillion market cap, exceeding the total market capitalization of several European countries [3]. - Nvidia's stock has increased over 10 times in value since the beginning of 2023, with a remarkable 89% rise from its April low [3]. Group 2: Growth Drivers - The demand for AI hardware and chips has surged since the launch of ChatGPT in late 2022, contributing to Nvidia's substantial profits [3]. - Analysts predict that annual AI spending will reach nearly $2 trillion by 2028, further driving Nvidia's growth [4]. - Nvidia's GPUs are considered the "gold standard" for AI infrastructure, dominating the data center AI accelerator market [4]. Group 3: Future Outlook - Nvidia plans to build "AI factories" globally, aiming to enhance AI infrastructure and meet the growing demand for AI applications [5][6]. - The company is set to establish the world's first industrial AI cloud facility in Germany, equipped with 10,000 Blackwell GPUs [6][7]. - Analysts have raised Nvidia's target price, with predictions of reaching a market cap of $5 trillion within the next 18 months [4]. Group 4: Policy Environment - Recent changes in U.S. government policy have eased some chip export restrictions, alleviating concerns about Nvidia's business in China [9]. - Despite the positive outlook, some analysts express caution, drawing parallels between the current AI hype and the early 2000s internet bubble [9].