#BinanceTurns8

AI chip manufacturer Nvidia breaks past the $4 trillion barrier, becoming the first public company in history to achieve that. On Wednesday, the chip designer’s shares had climbed by about 2.8% to $164.36.

Moreover, despite US export restrictions on its chips to China, the company’s stock has been rising for months, surging by over 40% since May.

Nvidia’s stock has surged 74% since April

In June 2023, Nvidia hit $1 trillion in market valuation for the first time. Since then, its shares have more than tripled within a year, outpacing the growth rates of Apple and Microsoft, which were the only other US companies valued above $3 trillion at the time. Apple had become the first to reach the $3 trillion mark in 2022.