Nvidia recently became the world's first $4 trillion company, but one of its megacap peers is knocking on the door of another impressive milestone. The post It's official — Nvidia hit a $4 trillion valuation.

Nvidia shares rose to a new record Thursday, helping lift the S&P 500 and Nasdaq composite to all-time highs of their own. The artificial intelligence chip-maker closed Thursday’s trading with a valuation of more than $4 trillion,