Nvidia becomes first company to clinch US$4 trillion value amid AI boom
Shares of the leading chip designer rose as much as 2.5 per cent to an all-time high of US$164, benefiting from the ongoing surge in demand for artificial intelligence technologies.
The stock's recent rally comes despite a sluggish start to the year, when the emergence of a Chinese discount artificial intelligence model developed by DeepSeek shook confidence in stocks linked to the sector.
Nvidia achieved a US$1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other US firms with a market value of more than US$3 trillion.
Microsoft is the second-largest US company, with a market capitalisation of US$3.75 trillion. Its shares were last up 1.3 per cent at US$503.
Nvidia has rebounded about 74 per cent from its April lows, when global markets were jolted by US President Donald Trump's tariffs.
Optimism around trade partners reaching deals with the US has lifted stocks of late, with the S&P 500 hitting an all-time high.
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