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Nvidia makes history with $4 trillion market cap while markets brush off tariff worries

July 9, 2025
08:16 PM
3 min read
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Finance·Nvidia makes history with $4 trillion market cap while brush off tariff worriesBY Paolo ConfinoBY Paolo ConfinoReporterPaolo ConfinoReporterPaolo Confino is a reporter on Fortune’s global news desk where he covers...

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3 min read

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investment

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Published

July 9, 2025

08:16 PM

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Fortune

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financemarketsstockstechnologysemiconductorsmarket cyclesseasonal analysisgeopolitical

Finance·Nvidia makes history with $4 trillion market cap while brush off tariff worriesBY Paolo ConfinoBY Paolo ConfinoReporterPaolo ConfinoReporterPaolo Confino is a reporter on Fortune’s global news desk where he covers each day’s most important stories

SEE FULL BIO Nvidia CEO Jensen Huang led the company to a historic $4 trillion valuation

Chesnot/Getty ImagesTraders seem to be unbothered that tariffs’ return to the spotlight could lead to another market crash

As stocks rose, Nvidia became the first company to ever reach a market cap valued at $4 trillion

Stocks rose on Wednesday after two days of declines

Those downturns ved to be little more than blips in the continuous—albeit choppy—march the stock market has had since its recent nadirs in April

Meanwhile, juggernaut Nvidia hit a historic new $4 trillion milestone

The -heavy Nasdaq climbed 0

While the Dow Jones ticked up 218 points, good for a 0. 5% increase, after taking the worst of the two-day slump

Traders seemed to ignore this round of tariff news—a stark contrast to their reaction in April when President Donald Trump’s initial burst of tariff policies caused a broad market sell off that hit equities, the U

Dollar, and the bond market

When tariffs returned to the forefront right before the July 4th holiday last week, investors had already braced themselves

Dipped a little but stayed largely in the range of their recent highs

Wednesday, July 9 marked the deadline for a 90-day pause on tariffs

However, Trump has since ext the deadline to Aug

On Wednesday, the President sent “tariff letters” to seven new countries including the Philippines, Moldova, and Brunei

Asian were mostly down on the news of renewed tariff policies

Shangai’s SSE Composite dipped 0

Stocks in Hong Kong dropped 1. 06% during the session

The ASX 200 and the NIFTY 50 slipped 0. 18% respectively

A rare bright spot was the Nikkei which is up 0. 33% on the day

Nvidia’s historic $4 trillion market cap Back in the U. , stock market darling and semiconductor juggernaut Nvidia became the first company with a $4 trillion valuation. 8% on Wednesday hitting a price of $162

Nvidia became the poster child for the AI market rally that led the S&P 500 to back-to-back years of more than 20% growth

The company’s s shot up as soon as closed

Investors were eager to scoop up s after s fell slightly over the past week

After that initial exuberance, the price tailed off into before plateauing around 11a

S remained stable throughout the rest of the session

Nvidia beat other legendary giants in Apple and Microsoft to the $4 trillion mark

Since the start of the year Nvidia’s stock is up 17%

Though that is a relatively calm year for the chipmaker, which has seen its stock rise 1,453% over the last five years

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