AI kingpin Nvidia crowned as first public company with a $4 trillion valuation
SAN FRANCISCO: Silicon Valley chipmaker Nvidia on Wednesday became the first publicly traded company to surpass a $4 trillion market valuation, putting the latest exclamation point on the investor frenzy surrounding an artificial intelligence boom powered by its industry-leading processors.
Although Nvidia’s market value dipped back below $4 trillion by the time the stock market closed, reaching the milestone highlighted the upheaval being unleashed by an AI craze that’s widely viewed as the biggest tectonic shift in technology since Apple co-founder Steve Jobs unveiled the first iPhone 18 years ago.
