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

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.