Nvidia stock jumped Wednesday and pushed the company past a $4 trillion market cap in intraday trading for the first time ever.
The chipmaker is the first company to achieve the milestone and has benefited from the generative AI boom.
The recent rally in Nvidia has come despite geopolitical tensions and ongoing chip curbs that have hampered sales to China.
Nvidia stock rose on Wednesday lifting the company’s market cap briefly past $4 trillion for the first time as investors scooped up shares of the tech giant that’s building the bulk of the hardware for the generative artificial intelligence boom.
However, Nvidia stock ended finishing the day only up 1.8%, giving the company a market cap of $3.97 trillion.
