Nvidia became the first publicly traded company to surpass a $4 trillion market capitalization value, 13 months after surpassing the $3 trillion mark and making it the world’s most valuable company ahead of Apple and Microsoft.

Nvidia became the first public company to reach a $4 trillion market capitalization on July 9, outpacing other well-known giants as the artificial intelligence boom fuels demand for its chips. Market capitalization,

Nvidia became the first public corporation to be valued at more than $4 trillion based on the rising price of its stock before dipping below $4 trillion at market close. The company makes computer chips.