Nvidia becomes first company ever to cross $4T market cap

Logo of Nvidia 

Chipmaker Nvidia became the first company ever with a market value exceeding the $4 trillion mark for the first time ever to reach that milestone.

 

The company’s shares rose 2.6% to $164.53 at 04:48 Makkah time, to push its market cap to above $4 trillion.

 

Thus, Nvidia is now the most valuable company in the world, surpassing Microsoft and Apple which had previously hit the $3 trillion market cap.

 

The market value of the US chipmaker surpassed the $1 trillion threshold for the first time in June 2023. It doubled this value during a single year.

 

Nvidia’s share surged more than 74% from a record low in April, when global markets witnessed turmoil following the US President’s announcement of reciprocal tariffs before suspending them.

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