by (Reuters) – NVIDIA has achieved a market capitalization of $ 4 trillion on Wednesday, making it the first public company in the world to reach the milestone and strengthens its position as one of the most beneficiary shares in Wall Street.
Shares of the leading chip designer rose no less than 2.4% to $ 164, and benefited from the continuous increase in the demand for artificial intelligence technologies.
For the first time in June 2023, NVIDIA achieved a market value of $ 1 trillion and the increase continued to be more than tripled over a year, faster than Apple and Microsoft, the only other American companies with a market value of more than $ 3 trillion.
Microsoft is the second largest American company, with a market capitalization of $ 3.75 trillion. The shares were last 1.3% at $ 503.
NVIDIA has recovered about 74% compared to the LOS points of April, when the world markets were shocked by the rate volley of US President Donald Trump.
Optimism around trading partners who reach deals with the US have recently lifted the shares, with the S&P 500 reaching a record high.
Nvidia has a weight of 7.3% on the S&P 500, the largest on the index. Other technical colosses, Apple and Microsoft, are approximately 7% and 6% respectively.
(Report by Shashwat Chauhan in Bengaluru; Edit by Chuck Mikolajczak and Arun Koyyur)
