Nvidia becomes first company ever to hit a $4 trillion market cap (yes that's 'trillion' with a 'T')

Jensen Huang, co-founder and chief executive officer of Nvidia Corp., speaks while holding the company's new GeForce RTX 50 series graphics cards and a Thor Blackwell robotics processor during the 2025 CES event in Las Vegas, Nevada, US, on Monday, Jan. 6, 2025. Huang announced a raft of new chips, software and services, aiming to stay at the forefront of artificial intelligence computing. Photographer: Bridget Bennett/Bloomberg via Getty Images.

Chip manufacturer Nvidia has become the first company in history to hit a $4 trillion dollar market capitalisation on Wall Street, after a rapid rise in value over recent months (per the Financial Times). The Silicon Valley firm's share price rose 2.8% on Wednesday to $164.36, taking it past the previous record valuation held by Apple of $3.92T in December 2024.

The chip maker has bet big on the so-called AI revolution, and manufactures the vast majority of the chips powering the field's major companies like OpenAI. It also recently signed a bunch of multibillion deals in the Middle East, and has been a beneficiary of President Donald Trump rowing back on his threats of a trade war with China. The Financial Times describes Nvidia as "the biggest beneficiary of a tech boom that has exceeded the headiest days of the dotcom era," which might give some of us a little pause.