Nvidia sets new record, beats Microsoft and Apple to become first company to reach milestone market value

Nvidia’s has become the first public company to touch the ‘magic’ $4 trillion market value. The company’s stock market valuation officially closed above $4 trillion for the first time on Thursday (July 10) after shares of the AI chipmaker ended the trading session up 0.75% at $164.10, pushing its market capitalisation to $4.004 trillion. This milestone extends Nvidia’s significant lead over tech giants Apple and Microsoft, as it continues to benefit from an increasing demand for its AI technologies.

According to a report by news agency Reuters, the company’s market value briefly touched the $4 trillion mark on Wednesday (July 9) before closing just shy at approximately $3.97 trillion.