CNBC's "Squawk on the Street" team discusses Nvidia becoming the first company to reach a $4 trillion market cap.

The release of Open AI's ChatGPT has accelerated the development of artificial intelligence and warnings about its impact on society.

Rise of AI

Nvidia has become the first company to achieve a $4 trillion market capitalization, a milestone not previously reached by any other firm. The company's success is credited to its dominance in hardware and accelerated computing, which are seen as central to the current technological landscape, particularly with the rise of artificial intelligence.

Market commentators noted that individual investors have played a significant role in Nvidia's growth, with many holding onto their shares for long-term gains. Despite ongoing discussions about tariffs and trade uncertainties, Nvidia's performance has stood out, making it a key stock for retail investors and distinguishing it from previous technology booms.

Nvidia becomes first company to hit $4 trillion market cap

We're going to roll the animation as NVIDIA, a $4 trillion market cap, which no company's ever done, Jim. Well, look, it's the evolution of hardware. If it were just AI, generated AI, that'd be one thing. But it's accelerated computing. People don't give that enough credit. And I think this time is not software time. It's not Exxon's time. It's the idea that we are the world of hardware. Remember, there's a ton of software at NVIDIA. And there's nobody that's near them. Nobody's near them. Can we take this moment to basically assert that the AI trade is going to drown out tariff noise and trade uncertainty? Well, the way that the president breaks stories, you can't. You can't drown him out. I mean, because he can come out right now and say, you know, he has decided that Australia, one of their greatest allies ever, Australia's got to pay. And you're thinking, pay for what? So, yeah, he can change the discourse. But I think that what this is, is the individual investor is a little too exuberant here. But the individual investor is saying, we, I'm going to use it for free, this is what the president should be. We're number one. We're number one. And it doesn't matter about the tariffs. We're number one. The copper tariff, I thought, was crazy. I mean, I called one of the people in the administration and said, what did copper do? I mean, it doesn't matter. You know what, this line from Mizuho today on the pharma tariffs made me chuckle. Makes about as much sense as anything this administration has said. Well, there you go. It's not scaring individuals, it's scaring institutions. Individuals are either pro-Trump or just think, you know what, Trump's a distraction from me making a lot of money in NVIDIA. But do we believe retail has an edge on institutional money? Or is it just hope? Retail recognizes that the market was the Dow was at 1,000 in 1982 and now it's at 45,000. And if they had just stayed in and stayed long, if they had owned NVIDIA and not traded it, then they would be very rich. And that's it. Look, NVIDIA made people rich like no stock I've ever seen. It's a retail stock. The institutions got out of NVIDIA years ago. I know, but couldn't we have had that same kind of conversation about JDS, Uniphase, or you name it? You mean Just Don't Sell Us? Yes, yes. It then became Just Don't Sue Us? Yes. Look, here's the difference. Sell some NVIDIA. You never got to sell any JDS. You can sell some NVIDIA and go buy, I don't know, buy whatever you go to Amazon. Here, here, this idea. Sell some NVIDIA, some, a fraction, just to get your position down to 5%. We've done this at the club. And then go to Jassy. Notice I don't call it Amazon anymore. Look at this right now. Autocracy by Ann Applebaum. Who else has that? One of the things that's scary is you go look at somebody else's Amazon page and you see what they really buy. Because it's offered right at the top. And you're just like, did you really buy that? Did you really buy that? They know you, Jim. That's true. You have a problem? Alex, what are you doing there?

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Nvidia becomes first company to hit $4 trillion market cap

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Rise of AI