Nvidia (NVDA.O) shares rose 5.2% on Wednesday to a record $1,224.40, with a market value of more than $3 trillion, surpassing Apple.
Nvidia's market value rose by more than $140 billion on Wednesday alone, and its market value rose by more than $100 billion in four of the past nine trading days. Its stock price has risen by about 147% so far this year, and its market value has increased by about $1.8 trillion, as demand for its chips for performing artificial intelligence tasks has increased sharply.
Nvidia has long been the world's largest semiconductor company by market value. Now, it has become the first computer chip company in history to reach a market value of $3 trillion, and its market value has surpassed Apple. The last time Nvidia's market value exceeded Apple was in 2002, five years after the first iPhone was released. At that time, the market value of both companies was less than $10 billion. (Jinshi)