Photo : Collected
The AI chip maker leapfrogged Apple to become the second most valuable U.S. company on Wednesday (5 June). Nvidia stock's meteoric rise propelled its market capitalization above $3 trillion and into the position of America's second-most valuable company on Wednesday (5 June).
Nvidia is the third U.S. company with a market value exceeding $3 trillion. Apple was the first to reach that milestone in 2023 while Microsoft achieved the feat earlier this year. Nvidia's ascent has been the fastest. It went from $2 trillion to $3 trillion in a record 96 calendar days. Microsoft took 649 days to do so, while Apple took 718 days.
Nvidia shares surged 5.2% to $1,224.40 on Wednesday (5 June), launching it into the ranks of $3 trillion companies. The only other companies to have ever achieved the feat are Apple, the first to do it, and Microsoft, which is currently the world's most valuable company with a market cap of more than $3.15 trillion.
Messenger/Hasan
