Nvidia’s climb also made the chip maker briefly the world’s first company with a market value of $4 trillion. Wednesday’s milestone came barely two years after the Santa Clara, Calif.-based company, led by Chief Executive Jensen Huang, notched a $1 trillion closing valuation for the first time.

Nvidia has been on a tear lately—and that’s put the the chip maker on the cusp of breaking records. Shares have jumped 40% over the past three months, rebounding as the broader market got over the worst of its tariff fears,