Nvidia surpasses Apple and Microsoft as first $4T public company

Nvidia reached a market value of $4 trillion on Wednesday, becoming the first publicly traded company to achieve this milestone. The company's stock rose by 2.5% on Wednesday, hitting an intraday record high and surpassing the $4 trillion mark.

Nvidia, a US chipmaker, has seen significant growth this year, with its stock soaring by around 20% due to its prominent role in powering the artificial intelligence industry. The company surpassed Apple and Microsoft to reach the $4 trillion mark, with Apple starting the year as the most valuable company at nearly $3.9 trillion.

Nvidia's chips are crucial for data centers used by tech giants like Microsoft, Amazon, and Google to support their AI models and cloud services. The company's revenue for the quarter ending in April was $44.1 billion, marking a 69% increase from the previous year.

Wedbush Securities analyst Dan Ives described Nvidia as the foundation of the AI Revolution, highlighting its key role in advancing AI technology. The company, known for its graphics processing units popular among PC gamers, is now focusing on developing AI models for autonomous robots and vehicles.

Nvidia's CEO, Jensen Huang, has become one of the world's wealthiest individuals, with a net worth of $140 billion. Despite facing challenges such as competition from Chinese startup DeepSeek and US-China trade tensions, Nvidia has rebounded from a stock plunge earlier in the year and is now trading at record highs.

Huang emphasized the importance of AI across various industries and expressed optimism about Nvidia's future growth potential. Analysts predict that Nvidia could reach a market cap of $6 trillion by 2028, considering its dominant position in the AI sector.