Nvidia Wednesday became the world's first public company to achieve a $4 trillion market value. The success of the U.S. chipmaker, which finished the day at $3.97 trillion, has been buoyed by skyrocketing global demand for artificial intelligence, for which Nvidia is "building the bulk of the hardware," said CNBC.

A Bloomberg analysis of documents and company filings show how China is building giant data centers in the desert to fuel its AI ambitions — and looking to buy 115,000 banned Nvidia chips to power them.

Nvidia briefly reached a market capitalization of $4 trillion on Wednesday, setting a new record as the first publicly traded company worldwide to achieve this milestone. This achievement has thrust Nvidia,

Jensen Huang, the CEO of Nvidia, is traveling to Beijing next week to present a modified version of the company’s Blackwell RTX Pro 6000 chip. The launch is planned for September, and the chip was developed specifically to meet US President Donald Trump’s new export restrictions.

Jensen Huang doubles down on China with a custom AI chip rollout as US export controls and local competition intensify.

Jensen Huang, NVIDIA's chief, is set to meet Chinese officials in Beijing amid US AI export curbs. This visit coincides with NVIDIA's brief surge to a $4 trillion market capitalisation.

If China isn't able to import these chips, it could be that China is ready to make its own. Given Nvidia boss Jen-Hsun Huang has commented on the country's growing capabilities, China might be getting ready to fill its data centres with its own AI chips in the near future.

Nvidia has hit $4 trillion market value, driven by its AI chips. The company has surpassed long time tech giants like Microsoft and Apple.

China plans to deploy 115,000 Nvidia chips in Xinjiang data centers, defying U.S. export curbs amid AI ambitions.