Milestone: Nvidia reached $3 trillion in market value for the first time and is going after Apple

Milestone: Nvidia reached  trillion in market value for the first time and is going after Apple

Shares of the Silicon Valley chipmaker gained 5.2% to 1,212.89, giving Nvidia a stock market value of $3.01 trillion.

Shares of the artificial intelligence chip maker Nvidia were quoted in all-time highs on Wednesday, with the stock market valuation It surpassed the $3 trillion mark to become the second most valuable company in the world, leaving Apple behind.

Nvidia’s latest rally comes as it prepares to split your shares ten by onewith effect from June 7, a measure that could increase its attractiveness for individual investors.

Nvidia shares soared 145% so far in 2024with a demand for its high-end processors much higher than the supply, while Microsoft, Meta Platforms and Alphabetwhich owns Google, are competing to develop their AI computing capabilities and dominate emerging technology.

Shares of the Silicon Valley chipmaker gained a 5.2%to 1,212.89which gives Nvidia has a stock market value of US$3.01 billion

Microsoft It remains the most valuable company in the world, with a market value of US$3.14 trillion, with an increase of 1.6% in its values.

Source: Ambito

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