Nvidia on Wednesday briefly hit $4 trillion in market value, making it the first publicly traded company to hit that milestone. Nvidia stock rose 2.76% after the market opened on Wednesday to hit an intraday record high that pushed its market value above the $4 trillion mark.

Nvidia Corp. became the first U.S. company to ever reach a $4 trillion intraday market capitalization on Wednesday, but its shares pulled back slightly from the required threshold and finished the trading day just below the mark.

Microsoft, valued at $3.725 trillion, sits just below Nvidia in market cap rankings. Apple follows with its valuation just above the $3 trillion mark. Of the three, Nvidia accounts for 7.3% of the S&P 500, surpassing Apple at 7% and Microsoft at 6%.