NVIDIA reached a $4 trillion market cap this morning as the stock hit an all-time high of $164.42. As reported by Forbes, it’s the first publicly traded company to hit that mark, beating out the likes of Apple and Microsoft.

The Santa Clara, Calif.-based company, which designs high-end AI chips, first surpassed the $2 trillion mark in February 2024, while it hit the $3 trillion mark in June this year. Nvidia's chips have been in high demand by companies building AI models as they need faster computing capacity, especially after the launch of ChatGPT in 2022.