Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone.

The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than tenfold after ChatGPT’s release in late 2022.

Nvidia's market cap entered uncharted territory Wednesday, briefly surpassing $4 trillion about a year after first passing $3 trillion. Why it matters: It's the first time any public company has ever hit that benchmark,