Nvidia becomes first company with $4 trillion market value, rebounds 74% from April lows

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 2.4% to $164, benefiting from the ongoing surge in demand for artificial intelligence technologies.

Nvidia achieved a $1 trillion market value for the first time back in June 2023 and the surge continued unabated with its market value more than tripling in about a year, faster than Apple and Microsoft, the only other U.S. firms with a market value of more than $3 trillion.