Nvidia has become the first company in the world to reach the market price of $ 4TN.
The shares in the chip-producer rose by $ 2.4% on Wednesday to $ 164, as the company benefits from the ongoing bounce in the demand for Artificial Intelligence (AI).
The US-based company reached the market price of $ 1TN for the first time in June 2023, and has continued to climb rapidly.
“This is a historic moment for Nvidia”, Dan Evece, a tech analyst of Vedbash Securities, said in a note.
“They are the only game in the city with their chips new gold and oil,” he said.
In April, the share price of NVIDIA declined significantly when global markets were shocked by US President Donald Trump’s Intensifying Tariff War.
Although the concerns over Trump’s trade policies have not gone away, NVidia’s share price has increased strongly since the spring to hit this new landmark.
Eight years ago, Nvidia’s stock was less than 1% of its current price.
At that time, its development was operated by competition with rival AMDs to make the best graphics card.
Recently, NVIDIA has increased due to the increasing demand to power the generative AI model such as Chatgpt.
Its meteorite growth has also elevated the profile of CEO Jensen Huang.
Mark Zuckerberg showed 61 -year -old “The Taylor Swift of Tech,”, showing his celebrity status, especially in Taiwan, where fans treated him as a rock star.
Despite the disturbance around Trump’s economic policies, the ever -increasing value of Nvidia is a sign of wall street confidence in AI development.
The company reported a total revenue of $ 44.1BN in the first quarter, marked a year ago with a profit of 81 cents per share.
