Instant View: Nvidia becomes first company to hit $4 trillion in market value


A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

(Reuters) -Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.

Shares of the leading chip designer rose as much as 2.5% to an all-time high of $164 earlier in the morning trading, as the company is benefiting from the ongoing surge in demand for artificial intelligence technologies.

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