Nvidia's market capitalization has reached $4 trillion, surpassing Apple and Microsoft, marking it as the first public company to reach this benchmark. The company's stock price increased by 2.5 percent, driven by a surge in demand for artificial intelligence technologies. Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it within a year. Despite earlier market challenges, the company's resilience has been notable, with a significant rebound of 74 percent from April lows.
Nvidia has surpassed Apple and Microsoft, reaching a market capitalization of $4 trillion, becoming the first public company to achieve this milestone.
Despite a rocky start to the year with the emergence of competing technologies, Nvidia has significantly increased its market value, tripling it within a year.
Nvidia has rebounded approximately 74 percent since its lows in April, aided by optimism in global trade and its significant weight in the S&P 500.
The company holds a market value greater than the combined Canadian and Mexican stock markets and exceeds the total value of all publicly listed companies in the UK.
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