History suggests Nvidia could advance over the coming month as it's done after reaching market cap milestones in the recent past. And the general trend has been positive since the company reached $1 trillion in market value in June 2023. Since then, the stock has advanced about 300%.

Nvidia has rebounded about 74% from its lows in April, when global markets were jolted from U.S. President Donald Trump's tariff volley.

Nvidia briefly eclipsed a $4 trillion valuation on Wednesday. Nvidia's growth is closely tied to the expansion of AI data centers. Investors need to see Nvidia's growth stay rapid to justify its stock price.