India, July 9 -- Nvidia (NVDA) crossed a major milestone on Wednesday by reaching a market capitalization of $4 trillion, becoming the first publicly traded company in the world to do so.
The computing infrastructure company's shares climbed as much as 2.4 percent to a record high of $164, driven by strong and sustained demand for artificial intelligence technologies, according to a report by Reuters. It is widely regarded as the top provider of chips and software essential for developing AI systems.
The chipmaker first hit a $1 trillion valuation in June 2023. Since then, its market value has more than tripled in just about a year, outpacing tech giants like Apple (AAPL) and Microsoft (MSFT). Currently, Apple and Microsoft are the only o...