Nvidia becomes first company to reach $4tn in market value
by Blake Montgomery and agencies from Technology | The Guardian on (#6YHDZ)
Ongoing surge in demand for AI technology fueled stratospheric rise of chipmaker's value
Chipmaker Nvidia became the first public company in history to scale a $4tn market value on Wednesday as its stock price continues a years-long stratospheric rise.
Shares of the top chip designer rose roughly 2.4% to $164, benefiting from the ongoing surge in demand for artificial intelligence technologies. Nvidia's chips and associated software are considered world leaders for building artificial intelligence products.
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