Nvidia (NASDAQ: NVDA) has officially become the most valuable company on Earth, and even Elon Musk couldn’t hide his reaction. The chipmaker closed above a $4 trillion market cap last week, outperforming Apple and Microsoft, with Tesla’s CEO responding to the news with a single word: “Wow.”
This comes as Nvidia shares continue their vertical ascent, climbing to an intraday high of $174.25 before settling at $172.41. The stock remains a magnet for institutional capital, driven by AI adoption, enterprise GPU demand, and record earnings. Musk’s reaction adds to the growing perception that Nvidia is the uncontested engine behind the AI revolution.
Nvidia Hits $4 Trillion Market Cap, Musk Says “Wow”
On July 20, Elon Musk posted a viral tweet reacting to Nvidia’s market value: a simple “Wow” in response to a graphic showing its valuation eclipsing Meta and Alphabet combined. The reaction wasn’t random, Musk’s xAI startup uses over 200,000 Nvidia GPUs to train its Colossus supercomputer, with plans to scale to 1 million units.
Nvidia’s AI chips have become essential infrastructure across the tech world. From OpenAI to Google and Meta, virtually every major firm building next-gen AI relies on Nvidia’s Hopper and Blackwell GPUs to power large language models and real-time inference engines.
The market cap milestone makes Nvidia the first publicly traded company to close above $4 trillion, cementing its position as the world’s top stock in both valuation and strategic importance.
Nvidia Share Price Technical Outlook
- Current price: $172.41
- Resistance- $174.25, $180.00
- Support levels- $168.20, $160.45, $153.10
Price continues to form higher highs and higher lows since late April.
Outlook: Can Nvidia Reach $180 Next?
With the AI trade showing no signs of fatigue and demand for Nvidia chips surging across data centers, hyperscalers, and robotics platforms, the next technical milestone is $180. If the current trend holds, a test of that level could materialize this week.
Musk’s “Wow” wasn’t just hype, it was a recognition of Nvidia’s growing stranglehold on the future of tech. As Wall Street recalibrates its expectations for AI infrastructure, Nvidia’s breakout may still be in its early stages.