Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favored stocks.
Shares of the leading chip designer rose as much as 2.5% to an all-time high of $164, benefiting from the ongoing surge in demand for artificial intelligence technologies.
Nvidia’s soaring market value underscores Wall Street’s confidence in the rapid growth of AI, with the company’s high-performance chips forming the backbone of this technological advance.
AI chip giant Nvidia became the first public company in the world to reach the $4 trillion milestone. CEO Jensen Huang, above. Getty Images
The stock’s recent rally comes despite a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector.
“It started out as being a gaming chipmaker and then