Nvidia market cap slips below $5 trillion as Micron reaches $1 trillion valuation

Nvidia's market capitalization fell below the $5 trillion mark, ending its brief tenure as the first public company to surpass that level amid the AI boom. The decline reflects waning investor confidence and could affect Nvidia's position among the world's largest firms.

At the same time, Micron briefly crossed a $1 trillion market cap, driven by its high‑bandwidth memory products integrated into Nvidia's AI platforms. Analysts remain divided on Micron's stock valuation, with price targets well below current trading levels, citing competitive pressures from Samsung and SK Hynix and the cyclical nature of memory pricing. Both companies' developments highlight shifting dynamics in the AI semiconductor sector.