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News Sport
Nvidia surges to $3tn valuation infographic
Graphic compares Nvidia market cap to the other nine biggest firms in the United States.
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BUSINESS

Nvidia value hits $3tn, overtaking Apple

By Jordi Bou

June 6, 2024 - Nvidia’s market has surged past $3tn to overtake Apple as the world’s second most valuable company, following a year of incredible growth driven by demand for its artificial intelligence chips.

The chipmaker’s stock was up 5.16% at $1,224.40, giving Nvidia a market value of $3.01tn at market close. Apple’s market capitalization was at $3.00tn at market close as its stock climbed 0.78%.

On June 5, the chipmaker’s shares rose 5.2% to close at a record $1,224.40, pushing the market value to more than $3 trillion and overtaking Apple in the process.

Nvidia’s data centre chips power the AI models that chief executive Jensen Huang has claimed will spur a new “industrial revolution”, transforming global business with productivity-enhancing features.

Sources
PUBLISHED: 06/06/2024; STORY: Graphic News; PICTURES: Getty Images
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