Wall Street history has been made this week by AI corporation Nvidia. On July 8, the dominating AI company reached a $4 trillion market capitalization, the first publicly traded company to ever hit this mark.

The stunning rise of Nvidia Corp to become the first publicly traded company valued at $4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector.

Nvidia’s stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the AI chipmaker’s position as one of Wall Street’s most-favored stocks. Shares of Nvidia ended up 0.