Nvidia Corp. has become the first publicly traded company to reach a $4 trillion market capitalization.
On July 9, shares in the Santa Clara, California-based technology company traded for as much as $164.42 a share. As of mid-afternoon, the price sagged slightly to 162.73 a share.
With that valuation, Nvidia surpassed Microsoft Corp. to become the most valuable public company in the world in terms of market capitalization. As of mid-afternoon on Wednesday, Microsoft Corp’s market capitalization was about $3.7 trillion.
Nvidia’s coronation as the market capitalization leader is just another milestone for the company that’s been on a remarkable bull run for the past decade….