The first business to achieve a $4 billion market valuation is Nvidia

On Wednesday, Nvidia became the first publicly traded firm in history to hit the $4 billion market capitalization milestone, solidifying its place as one of the most traded equities on Wall Street.

Profiting from the ongoing spike in demand for artificial intelligence (AI) technology, the top chip designer’s stock increased by as much as 2.5% to reach an all-time high of $164.

Despite a slow start to the year, when the introduction of a low-cost Chinese AI model created by DeepSeek undermined confidence in stocks associated with the industry, the stock has recently rebounded.

Compared to Apple and Microsoft, the only other American corporations with a market worth over $3 trillion, Nvidia tripled its value in around a year after initially reaching a $1 trillion market value in June 2023.

Microsoft has a $3.75 trillion market capitalization, making it the second-largest firm in the United States. Its stock increased 1.3% to $503. After U.S. President Donald Trump’s round of tariffs rattled global markets in April, Nvidia recovered over 74% from its lows.

The S&P 500 hit an all-time high lately as a result of optimism surrounding deals between the U.S. and trading partners.