Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favored stocks.

Nvidia became the first publicly traded company to surpass a $4 trillion market capitalization value, 13 months after surpassing the $3 trillion mark and making it the world’s most valuable company ahead of Apple and Microsoft.

The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.