Chipmaker Nvidia became the first public company to top $4 trillion in value Wednesday after a two-year investor frenzy driven by the artificial intelligence boom. Nvidia shares rose 2.5%, in early trading Wednesday,

Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia has grown into the most valuable company in the world,

Nvidia reclinched its title as the world's most valuable company for a second time this month. The AI chipmaker's shares rose more than 4% on Wednesday, closing at a record high for the first time since January, following CEO Jensen Huang's remarks at Nvidia's annual investor meeting.

Nvidia reached another milestone in its rise to becoming one of the world’s most important companies: the first publicly traded company to reach a market value of $4 trillion.

Nvidia's latest gains reflect the U.S. stock market's return to the "AI trade" that fueled massive gains in chip stocks and related tech companies.

The AI chipmaker has grown into the largest company on Wall Street, surpassing Microsoft, Apple, Amazon and Google.

Nvidia made history by becoming the world’s first publicly traded company to surpass a $4 trillion market capitalization. The milestone was reached as Nvidia’s stock price surged to $164.42 during intraday trading on July 9.