Nvidia Becomes First to Hit $4T Valuation, Powered by AI and Gulf Deals

Jensen Huang, Nvidia CEO

Nvidia has made history, becoming the first publicly traded company to reach a $4 trillion market capitalization. The AI chipmaker briefly topped the milestone on July 10, 2025, as its stock surged to nearly $164, building on momentum from an accelerating global demand for artificial intelligence infrastructure. As a result, Nvidia's valuation is at $3.97tn, surpassing Apple’s $3.92tn record from last December.

The rise comes amid a sharp rally in tech stocks. But Nvidia’s growth is in a league of its own. Its dominance in AI processors, especially for training large language models like ChatGPT, has made it the cornerstone of the current AI boom. In May, Nvidia reported a 70% jump in quarterly revenue, with its data center segment alone bringing in over $39 billion.

But one key factor setting Nvidia apart: its aggressive push into the Middle East.

Over the past few months, Nvidia has signed multibillion-dollar deals with Saudi Arabia and the United Arab Emirates to supply its most advanced chips. Saudi-backed firm Humain is receiving tens of thousands of Nvidia’s Blackwell GPUs for a 500 MW AI data center, one of the largest planned globally. Meanwhile, the UAE is close to finalizing an agreement that would allow imports of up to 500,000 Nvidia processors annually, giving the region a massive boost in AI computing capacity.

These “sovereign AI” partnerships are part of a broader strategy among Gulf nations to build domestic AI ecosystems. With U.S. export restrictions limiting Nvidia’s ability to sell high-end chips to China, these Middle Eastern deals offer a vital new channel for growth.

CEO Jensen Huang has been clear: the AI era is just getting started. “The more AI, the better bottom line,” he told analysts last month, emphasizing that demand is “kicking into turbocharge.” Analysts now forecast Nvidia’s annual revenue could reach $200 billion in 2025, with net income surpassing $100 billion and gross margins above 70%.

Nvidia’s rise has outpaced even the headiest days of the dot-com era. It hit $1 trillion in 2023, $2 trillion in early 2024, and $3 trillion just last month. As AI adoption spreads and international deals continue to roll in, the company shows no signs of slowing.