Nvidia becomes world's first $4tn company
Summary
Nvidia has become the first company in the world to reach a market value of $4 trillion. The increase in value is due to a high demand for the technology that powers artificial intelligence. Nvidia's share prices have risen, despite earlier drops caused by trade tensions.Key Facts
- Nvidia is the first company to reach a market value of $4 trillion.
- The company's shares went up by 2.4% to $164 on a recent Wednesday.
- The demand for technology used in artificial intelligence is boosting Nvidia's value.
- Nvidia passed a market value of $1 trillion for the first time in June 2023.
- In April, Nvidia's shares fell due to concerns over trade policies under former President Trump.
- Since spring, Nvidia's shares have increased despite ongoing trade worries.
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