Nvidia becomes first company to clinch $4 trillion in market value

Nvidia reached a market capitalization of $4 trillion for the first time on Wednesday, solidifying its position as one of Wall Street's most-favored stocks to tap in the ongoing surge in demand for artificial intelligence (AI) technologies.

Shares of the leading designer of high-end AI chips advanced as much as 2.4% to $164, making it the first public company in the world to reach the milestone.