(NewsNation) — Nvidia on Wednesday became the first publicly traded company to surpass a $4 trillion market valuation.
The milestone reflects the upheaval being unleashed by artificial intelligence, or AI, which is widely viewed as the biggest tectonic shift in technology since Apple cofounder Steve Jobs unveiled the first iPhone 18 years ago.
What does Nvidia do?
Nvidia is a Silicon Valley-based tech company that designs and supplies graphics processing units, application programming interfaces for data science and high-performance computing, and chip units for mobile computing and the automotive market.
How is Nvidia involved in AI?
Nvidia’s rapid rise in the field of artificial intelligence has anointed the company’s founder and CEO Jensen Huang as “the godfather” of AI.
How to help Texas flooding survivors
In addition to the above services, Nvidia is also a leading supplier of AI hardware and software.
What are some of the products Nvidia makes?
Nvidia designs and sells graphics processing units for gaming, cryptocurrency mining and professional applications. The company also sells chip systems for use in vehicles and robotics.
What is Nvidia’s role in the US-China trade war?
Nvidia announced in April that it will produce its artificially intelligent supercomputers in the United States for the first time.
In 2022, the Chinese government called on Washington to repeal its technology export curbs after Nvidia said a new product might be delayed and some work might be moved out of China.
That move, combined with recent tariffs from the Trump administration, have added to the mounting U.S.-Chinese tension over technology and security.
How have tariffs affected Nvidia?
It looked like Nvidia may have hit a roadblock in early April when Trump unveiled sweeping tariffs and triggered widespread selloff in the stock market.
Nvidia, however, quickly bounced and in late May delivered another stellar quarter, highlighted by an $18.8 billion profit, despite a $4.5 billion hit to account for U.S. government restrictions on the sale of some of its chips to China.
Mattel introduces first Barbie with Type 1 diabetes
Nvidia on Wednesday became the first publicly traded company to surpass a $4 trillion market valuation, putting the latest exclamation point on the investor frenzy surrounding an artificial intelligence boom powered by its industry-leading processors.
The Associated Press contributed to this report.
