Nvidia recently became the first company in history to reach a market capitalization of $4 trillion. Although shares have retreated a bit, Nvidia still remains the most valuable company in the world as of this writing (July 10).

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.

The chip maker’s shares have been rallying since late April, putting its valuation on the brink of an all-time high.