Nvidia briefly reached a market capitalization of $4 trillion on July 9, becoming the first company to hit the milestone. The shares rose to $164.42 on the news, reflecting investors’ confidence that AI‑driven demand for its chips will continue. Analysts noted that the surge underscores how companies are shifting spending toward AI infrastructure.
Meta Platforms appointed Shengjia Zhao, a co‑creator of ChatGPT and former OpenAI researcher, as chief scientist of its new Superintelligence Lab. CEO Mark Zuckerberg said Zhao will set the research agenda and scientific direction for the lab, which aims to develop artificial general intelligence (AGI) and open‑source the results. Zhao joins other former OpenAI researchers in what analysts call a talent “arms race” between Meta and its rivals.