Eight American companies are worth $1 trillion or more, but only Nvidia, Microsoft, and Apple have surpassed the $3 trillion milestone so far. Meta Platforms could join that exclusive club thanks to its efforts in the artificial intelligence (AI) space, which are transforming its social media business.

Microsoft on Thursday became the second company in history to reach a $4 trillion market value as tech stocks surge on booming AI demand.

Microsoft jumped past the $4 trillion market value mark Thursday, joining Nvidia as only the second public company ever to achieve the financial feat.