Nvidia’s AI Dominance Fuels Growth Amid Market Volatility
Nvidia (NVDA) continues to reign as the world's largest company by market cap, now valued at approximately $4.4 trillion. Its supremacy stems from an ironclad grip on the AI chip market, powering data center training and inference workloads. The stock has surged 68% over the past year, dwarfing the S&P 500's 18% gain, despite early 2025 headwinds.
Cloud giants and governments are funneling unprecedented capital into AI infrastructure, with big tech's projected 2024 expenditures revised upward to $364 billion. This spending tsunami underscores Nvidia's embedded position in the AI revolution. Yet questions linger about sustainability at current valuations, with investors weighing hyperbolic growth against macroeconomic crosscurrents.