The value of Nvidia shares reached record highs on Wednesday, hitting the $3 trillion mark and leading it to top Apple as the word’s second most valuable company. Microsoft, with its market value of $3.14 trillion, continues to be the world’s most valuable company.
At the end of this week, the AI chipmaker will split its stock 10-for-one, which could make it even more attractive to individual investors. Since the beginning of the year, Nvidia stock has skyrocketed 147% because of the demand for its AI processors by companies such as Microsoft, Alphabet and Meta Platform. Since May 22 alone, Nvidia has surged nearly 30%.
During trading on Wednesday, shares of Nvidia temporarily reached an intra-day record high of $1,223.59. Apple’s stock bumped up, too, by 0.7%, giving its a market capitalization of $3 trillion.
