Chip race: Microsoft, Meta, Google, and Nvidia battle it out for AI chip supremacy
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Nvidia briefly became the first $4 trillion company today.
When Nvidia’s share price rose beyond $164 on Wednesday morning, it was the first company to have a market cap of over $4 trillion. It closed the day up 1.8 percent at $162.88, leaving its current total at $3.97 trillion, leading Microsoft ($3.7 trillion) and Apple ($3.1 trillion).
The AI boom and demand for its chips have quickly increased the company’s value in the last few years, which only passed $1 trillion two years ago.
Image: CNBC
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