Nvidia bypassed Apple and Microsoft, the only other US firms with a market value of more than $3 trillion.
Nvidia has notched a market capitalisation of $4 trillion, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favoured stocks.
On Wednesday, shares of the leading chip designer rose as much as 2.5 percent to an all-time high of $164, benefiting from the continuing surge in demand for artificial intelligence technologies.
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.
Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other United States firms with a market value of more than $3 trillion.
