On Friday morning, Nvidia achieved a significant milestone as its market value exceeded $2 trillion, joining an exclusive club.

This accomplishment followed the chipmaker’s remarkable earnings report, which once again fueled enthusiasm on Wall Street for artificial intelligence.

However, later in the day, Nvidia’s stock experienced a partial pullback, causing its market value to dip below the $2 trillion mark by the market’s close.

During Thursday’s trading, Nvidia witnessed an extraordinary surge, contributing $273 billion to its market capitalization—the largest single-day increase ever recorded for any company, as noted by Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, CNN reported.

This surge was in response to the chipmaker’s announcement on Wednesday evening, revealing a staggering 769% annual gain in fourth-quarter profit and a 580% surge in full-year profits compared to the previous year, surpassing analysts’ expectations.

Joining the ranks of only a few companies, including Apple and Microsoft, Nvidia reached the esteemed $2 trillion milestone.

Written by B.C. Begley