Nvidia has become the world’s first company to ever reach a $4 trillion valuation.

The chipmaker’s shares rose 2.5% on Wednesday, taking over Apple’s previous market value record of $3.9 trillion in December. The company made a remarkable 70% rebound after its previous low on April 4, when President Donald Trump’s tariffs sent the global stock markets into economic shock.

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Nvidia is now valued more than Microsoft at $3.77 trillion, Apple at $3.13 trillion, Amazon at $2.38 trillion, Alphabet at $2.12 trillion, and Meta at $1.81 trillion.

The news comes as tech giants race to build massive data centers across the United States to support the rapid rise in artificial intelligence. Nvidia plays a significant role in the AI revolution, considering it primarily supplies the computer chips to power tech companies’ data centers.

Nvidia has seen meteoric growth in recent years. In June 2023, it surpassed $1 trillion in value before doubling that by February 2024. The company’s value reached more than $3 trillion in June 2024.

In the first quarter of this year, the company’s revenue skyrocketed about 70%. The company expects $45 billion worth of sales in the second quarter, only slightly higher than the first quarter’s $44 billion in sales.

WHY NVIDIA WILL KEEP ON ROLLING

Nvidia will report its results for the second quarter next month, and the updated numbers could set another record in sales and profit.

Wall Street tech analyst Dan Ives hailed Nvidia’s $4 trillion market cap as a “huge historical moment” for the nation’s technology sector.