Nvidia has flown past Microsoft and Apple to hit a record $4 trillion in market value, the latest sign of the AI boom.
On Wednesday morning, the AI chipmaker became the world’s first company to be worth $4 trillion, ahead of the previous $3.9 trillion market value record set by Apple in December. (Though it has come down from its $4 trillion high, its share price was $163.25 for a market cap of $3.97 trillion at the time of writing.) Nvidia shares soared by as much as 2.5% on Wednesday to an intraday high of $164.42.
Related: Nvidia CEO Jensen Huang Will Make Nearly $1 Billion This Year Just from Selling
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