Nvidia overtakes Apple as No. 2 most valuable company
:Shares of Nvidia rallied to file highs on Wednesday, with the AI chipmaker’s stock market valuation hitting the $3 trillion tag and overtaking Apple to become the field’s 2nd most realistic company.
The most recent rally in Nvidia comes as it prepares to spoil up its stock ten-for-one, efficient on June 7, a circulation that would possibly perchance lengthen its allure to individual traders.
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The Silicon Valley chipmaker’s stock was once final up 5 per cent, giving Nvidia a market label of $3.007 trillion.
Apple’s market capitalization stood at $3.004 trillion as its stock climbed 2 per cent.
Microsoft remained the field’s most realistic company, with a market label of $3.15 trillion as its shares climbed 1.8 per cent.
Source: Reuters
