Nvidia Becomes First Ever $4 Trillion Company

Shares of Nvidia jumped more than 2% on Wednesday, surpassing $4 trillion in market value for the first time, as investors snapped up shares of the tech giant developing the hardware needed for the boom in generative artificial intelligence.

The chipmaker is the first company ever to achieve this market value. It is now the world’s most valuable company, surpassing Microsoft and Apple, which both reached the $3 trillion mark before Nvidia. Microsoft is also one of Nvidia’s largest and most important customers.

The California-based company, founded in 1993, first surpassed $2 trillion in valuation in February 2024 and surpassed $3 trillion in June.

Nvidia has benefited significantly from the growing demand for AI hardware and chips since the launch of ChatGPT in late 2022. The company has positioned itself as a leading player in creating graphics processing units (GPUs) that power large language models.