Nvidia currently has the highest market cap of $3.98 trillion. Founded by Jensen Huang, Chris Malachowsky, and Curtis Priem in 1993, the company first focused on producing multimedia processors and graphics chips. Its graphic processing units (GPUs) improved the look and feel of gaming and transformed video editing.

Shares of Nvidia ended up 0.75% at $164.10, giving it a market value of $4.004 trillion as it benefits from an ongoing surge in demand for artificial-intelligence technologies.

Minutes released on Wednesday showed "most participants" at the Fed's meeting last month anticipated rate cuts would be appropriate later this year, with any price shock from tariffs expected to be "t...