Nvidia becomes first US company to reach $4 trillion market cap | Technology News

Nvidia bypassed Apple and Microsoft, the only other US firms with a market value of more than $3 trillion.

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…