今夜！见证历史！

Core Viewpoint - Nvidia has become the first company in history to reach a market capitalization of $4 trillion, driven by strong demand for AI hardware and chips, positioning itself as a leader in producing GPUs essential for large language models [2][4][3]. Group 1: Market Performance - Nvidia's stock price rose over 2% on July 9, leading to its market cap surpassing $4 trillion for the first time [3]. - The company previously reached $2 trillion in February 2024 and $3 trillion in June 2024, showcasing rapid growth [4]. - Nvidia's stock has increased over 20% in 2025 and has more than doubled since the beginning of 2023, with a current weight of 7.5% in the S&P 500 index, nearing historical highs [6]. Group 2: Customer Spending and Industry Trends - Major clients, including Microsoft, Meta, Amazon, and Alphabet, are expected to increase their capital expenditures to approximately $350 billion in the next fiscal year, up from $310 billion, contributing over 40% of Nvidia's revenue [6]. - Analysts predict that annual AI spending from various clients could reach nearly $2 trillion by 2028, indicating strong future demand for Nvidia's products [5]. Group 3: Competitive Position and Analyst Sentiment - Analysts believe Nvidia is in a unique position to maintain its dominance in the AI sector for over a decade, with a target price increase from $175 to $250, suggesting a potential market cap of around $6 trillion [5]. - Despite previous concerns about AI spending potentially slowing down, the reality shows that major tech companies are investing more in computing infrastructure, benefiting Nvidia [6]. - The stock's current valuation is considered attractive, with a price-to-earnings ratio of about 33 times future earnings, indicating room for further growth [8][9].