Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the $4 trillion mark.

Microsoft, valued at $3.725 trillion, sits just below Nvidia in market cap rankings. Apple follows with its valuation just above the $3 trillion mark. Of the three, Nvidia accounts for 7.3% of the S&P 500, surpassing Apple at 7% and Microsoft at 6%.

Nvidia became the first company to be worth $4 trillion. The chipmaker’s shares rose as much as 2.5% Wednesday, pushing higher than the previous market value record, set by Apple in December 2024. Nvidia has rallied by more than 70% from its April 4 low, when global stock markets were sent reeling by President Donald Trump’s global tariff rollout.