Nvidia becomes the first company to reach a $4 trillion valuation, driven by soaring demand for artificial intelligence chips and outpacing Microsoft and Apple.

Technology is advancing at a rate that much of the world simply isn’t aware of. Behind the scenes, massive advancements in some of the most revolutionary technologies in human history are being made.

Nvidia on Wednesday became the world’s most valuable company, with its market capitalization briefly touching $4 trillion intraday.

Nvidia became the world's first $4 trillion company with a surge in share price in the morning. The shares have since eased off for a $3.97 trillion valuation.

Nvidia achieved a $1 trillion market value for the first time in June 2023 and tripled it in about a year, faster than Apple and Microsoft, the only other U.S. firms with market values above $3 trillion. Microsoft is the second most valuable U.S. company, with a market capitalization of $3.73 trillion. Its shares dipped 0.4% on Thursday.

The state’s work with the technology company aims to bring artificial intelligence education and real-world innovation to classrooms, communities and industry. It's intended to bring in jobs as well.

Nvidia has reached a record market value of $3.92 trillion, overtaking Apple and closing in on the top spot as the world's most valuable public company. The surge is driven by high demand for AI chips used in tech infrastructure worldwide.