Nvidia becomes world’s most valuable public company at $4 trillion
Nvidia has become the world’s first public company to hit a $4 trillion market valuation, marking a major milestone in the tech and finance industries.
Reuters reports the tech giant’s shares climbed to a record high of $164 on Wednesday, driven by continued investor enthusiasm around AI and its dominant role in powering that growth.
NVIDIA overtakes Apple as AI boom propels company value over $3 trillion
With its market value rocketing to $3.1 trillion, NVIDIA has become the second most valuable company in the world. A five percent rise in share prices pushed the chipmaker ahead of Apple, and now there is only Microsoft which is worth more than NVIDIA.
The soaring value of the firm is due in no small part to its heavy involvement and investment in AI. Having started life in the 1990s as a minor player in the graphic chip market, NVIDIA has ridden the artificial intelligence tidal wave.