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The Guardian - US
The Guardian - US
Technology
Blake Montgomery and agencies

Nvidia becomes first company to reach $4tn in market value

a man speaks on stage while holding a computer part
Nvidia CEO Jensen Huang speaks in Taipei, Taiwan, last year. Photograph: Chiang Ying-ying/AP

Chipmaker Nvidia became the first public company in history to scale a $4tn market value on Wednesday as its stock price continues a years-long stratospheric rise.

Shares of the top chip designer rose roughly 2.4% to $164, benefiting from the ongoing surge in demand for artificial intelligence technologies. Nvidia’s chips and associated software are considered world leaders for building artificial intelligence products.

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