Nvidia becomes first company to hit $4T valuation, thanks to AI boom

Nvidia’s stock hit an all-time high of $164.32, making it the first $4 trillion company as AI demand drives yearly gains.

American semiconductor giant Nvidia has just surpassed $4 trillion in market capitalization, becoming the first company ever to reach the lofty milestone. 

Nvidia beat tech giants Microsoft and Apple to the market capitalization landmark as its stock price increased to an all-time high on Wednesday.

Company shares rose around 2% during early trading to reach an all-time high of $164.32 before cooling slightly to $163.36 in after-hours trading, according to Google Finance. 

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