Topline
Artificial intelligence chip architect Nvidia is the first company in history valued at $4 trillion, the latest milestone achieved by the undisputed leader of the generative AI gold rush.
Nvidia has transformed from an idea at a Bay Area Denny’s to the world’s largest company.
Key Facts
Nvidia stock climbed as much as 2.8% Wednesday morning to a new all-time high of $164.42.
The Silicon Valley giant’s market capitalization climbed to $4.01 trillion, becoming the first ever publicly traded firm to score a $4 trillion valuation.
Big Number
Nearly 35,000%. That’s how much Nvidia’s share price has risen over the last decade, trouncing the S&P 500’s roughly 260% advance, including reinvested dividends. That means a $1,000 investment in Nvidia in July 2015 would now be worth $350,000.
This is a breaking news story and will be updated.