Nvidia's market value hits $4 trillion in morning trading

Nvidia on Wednesday became the first company to ever hit the market value of 4 trillion U.S. dollars as its stock jumped more than 2 percent during the morning trading.

Nvidia is now the world's most valuable publicly traded company, surpassing Microsoft and Apple, both of which hit the 3 trillion dollar mark before Nvidia.

Founded in 1993, the California-based company first passed the 2 trillion dollar mark in February 2024 and surpassed 3 trillion dollars in June.

Nvidia's shares are up more than 15 percent over the last month and 22 percent since the start of the year.

Nvidia has profited heavily from the growing demand for artificial intelligence hardware and chips since the launch of ChatGPT in late 2022. The company has positioned itself as the decisive leader in creating the graphics processing units that power large language models, according to a report by CNBC.