Nvidia’s market value has surpassed $3 trillion (£2.3 trillion), propelling the chipmaker ahead of Apple to become the world’s second most valuable publicly listed company. The firm’s share price surged over 5% on Wednesday, reaching more than $1,224.
This continued a remarkable ascent fueled by significant investments in artificial intelligence (AI), positioning Nvidia as a major beneficiary. The company’s market value now trails only Microsoft, which is also heavily invested in AI through its backing of ChatGPT-maker OpenAI.
Nvidia, valued at $2 trillion in February, spurred a fresh wave of share purchases following its recent announcement of a stock split
