Nvidia, an AI chipmaker, has seen its market capitalization rise to $3.019 trillion, surpassing Apple to become the second-largest publicly traded company in the US, just behind Microsoft. This milestone makes Nvidia the third company in the US to cross the $3 trillion mark, behind Apple and Microsoft. The company’s stock price rose 5.2% to $1,224.4 per share, while Apple shares increased by 0.8% to $196. These gains also boosted the S&P 500 and Nasdaq indexes to new record highs.
Nvidia has been a major beneficiary of the AI hype on Wall Street, with its stock rising 147% so far this year following a 239% increase in 2023. In contrast, Apple shares have only gained about 1.7% year-to-date. CEO Jensen Huang recently announced the upcoming launch of Nvidia’s most advanced AI chip platform, called Rubin, in 2026. This platform will succeed the Blackwell chip, which was unveiled in March and touted as the “world’s most powerful chip.” Nvidia is a dominant player in the AI semiconductor market, accounting for around 70% of sales in this sector.
Analysts believe that Nvidia still has room for growth, with many predicting that the company could become the most valuable company in the future due to its ability to monetize AI and expand its market. Angelo Zino, a senior equity analyst at CFRA Research, stated that Nvidia has the largest addressable market expansion opportunity across the technology sector. To make its shares more accessible to individual investors, Nvidia announced a 10-for-1 stock split last month. The post-split shares will begin trading on June 10, allowing more people to invest in the red-hot semiconductor company.
In summary, Nvidia has reached a market capitalization of $3.019 trillion, making it the second-largest publicly traded company in the US behind Microsoft. The company’s stock price has surged this year, benefiting from the AI mania on Wall Street. Nvidia announced the upcoming launch of its most advanced AI chip platform, Rubin, in 2026, following the success of the Blackwell chip. Analysts are bullish on Nvidia’s future prospects, predicting that it could become the most valuable company in the tech sector. To make its shares more affordable for individual investors, Nvidia is implementing a 10-for-1 stock split, which will take effect on June 10.
