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.
Microsoft is the second-biggest US company, with a market capitalisation of $3.75 trillion. Its shares were last up 1.3 percent at $503.
Nvidia has rebounded about 74 percent from its April lows, when global markets were jolted by US President Donald Trump’s tariff volley.
Optimism around trade partners reaching deals with the US have lifted stocks of late, with the S&P 500 hitting an all-time high.
Nvidia holds a 7.3 percent weight on the S&P 500, the biggest on the index. Other tech behemoths, Apple and Microsoft, account for about 7 percent and 6 percent, respectively.
The company is worth more than the combined value of the Canadian and Mexican stock markets, according to LSEG data, and exceeds the total value of all publicly listed companies in the UK.
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