Nvidia reached a historic market value of $4 trillion, marking it as the first company globally to achieve this milestone. This increase in valuation followed a 2.5 percent rise in shares, reaching a record $164. The company's market value tripled in just about a year, illustrating rapid growth compared to tech competitors. Nvidia contributes 7.3 percent of the value of the S&P 500 index, outpacing major companies like Apple and Microsoft. Additionally, Nvidia reported significant revenue growth, indicating a robust financial performance amid market fluctuations.
Nvidia became the first company to reach a market value of $4 trillion, driven by demand for AI technology. Shares rose to a record high of $164.
Nvidia's market value increased from $1 trillion to $4 trillion in about a year, rapidly surpassing the timescales of Apple and Microsoft.
Nvidia holds 7.3 percent of the S&P 500 index's overall value, the highest among companies, with Apple and Microsoft at 7 and 6 percent, respectively.
In the first quarter, Nvidia reported a revenue of $44.1 billion, a 69 percent increase compared to the same period last year.
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