Nvidia becomes first US company to reach 4 trillion market cap

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 technologies. The stock's recent rally comes despite a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector. Nvidia achieved a 1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other United States firms with a market value of more than 3 trillion. Microsoft is the second-biggest US company, with a market capitalisation of 3.75 trillion.