Weekly forecast: Nvidia overtakes Apple, ready to join the $4T market club
Nvidia closes the week at a record high, approaching $4T valuation
This week, shortened due to the U.S. Independence Day holiday on July 4, ended with Nvidia closing at a historic high of $159.34. This stock price pushed the leading chipmaker’s market capitalization to $3.89 trillion, sparking widespread speculation that the company could soon hit the $4 trillion mark.
So far, the record high valuation belongs to Apple, which reached $3.91 trillion in December 2024. However, Apple shares have fallen more than 12% since the start of the year, while Nvidia’s stock is up 15%, making it the clear frontrunner in the race.
Analysts at Wedbush stated that in their view, Nvidia and Microsoft could both surpass the $4 trillion milestone this summer—something no company has ever achieved.
Awaiting the record
As noted by Investopedia, Nvidia could have broken the record this week if its stock had reached $163.93 on Thursday—about 3% higher than its closing price.
That target may still be achieved next week. According to Nvidia’s year-to-date daily chart, since hitting April lows, the company’s shares have moved within an upward channel and have gained 85%.
NVDA YTD Stock Price. Source: CoinMarketCap
Moreover, all three components of the RSI Ribbon indicator (10, 30, 50) signal strong bullish momentum. This suggests Nvidia could become the first member of the $4 trillion club as early as next week, regardless of political or macroeconomic risks.
As we wrote, Nvidia stock hits record $157 as AI demand accelerates chip rally
