Nvidia's Stock Price Soars, Surpassing Apple's Market Value

According to Odaily, Nvidia's stock price rose by 5.2% on Wednesday, closing at a record $1224.40. This increase pushed the company's market value over $3 trillion, surpassing Apple. Nvidia's market value increased by over $140 billion in just one day. In the past nine trading days, the company's market value has risen by more than $100 billion on four occasions. Since the start of the year, Nvidia's stock price has risen by approximately 147%, and its market value has increased by about $1.8 trillion. This surge is largely due to the growing demand for its chips used in executing artificial intelligence tasks. 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, also surpassing Apple in the process. The last time Nvidia's market value exceeded Apple's was in 2002, five years before the first iPhone was released. At that time, both companies had a market value of less than $10 billion.