Nvidia Becomes First Public Company Worth $4 Trillion

Nvidia, the semiconductor company known for its graphics processing units (GPUs), has become the first publicly traded company to reach a market capitalization of $4 trillion. This milestone was achieved as the company's stock price surged following the release of ChatGPT, the AI chatbot developed by OpenAI, in late 2022. Nvidia's success is primarily attributed to its dominance in the AI chip market, which has become increasingly important as the demand for AI-powered technologies continues to grow. The company's GPUs are widely used in training and deploying AI models, including the ones that power ChatGPT. The company's market value has more than tripled since the beginning of 2020, reflecting the growing importance of AI in various industries, from healthcare to finance. Nvidia's achievement in becoming the first public company to reach a $4 trillion valuation surpasses even tech giants like Apple and Microsoft, underscoring the significant impact of AI on the tech landscape.