Nvidia is the first company to hit a $4T market value.

Valuation & Market Performance - Nvidia's market capitalization hits $4 trillion for the first time [1] - Among AI stocks, Nvidia's valuation appears relatively cheaper [2] - The market initially reacted negatively to Nvidia's previous quarter performance [1] Supply Chain & Geopolitical Factors - Nvidia has effectively eliminated China from its sales forecasts due to sanctions [2] - Supply constraints for Nvidia have eased significantly [2] Industry Trends - The strength of the semiconductor industry is broad-based, not limited to Nvidia or mega-cap companies [3]