NVIDIA Corporation (NASDAQ: NVDA) hit a market capitalization milestone of $3 trillion, placing it in the elite league alongside Apple (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT) as one of only three companies to reach this valuation.
Nvidia stock closed on Wednesday with a significant gain of over 5%, elevating its market capitalization to $3 trillion. This milestone allowed Nvidia to surpass Apple’s market cap during the trading session, positioning it as the second most valuable company in the U.S. and the second-largest holding in the SPDR S&P 500 ETF Trust (SPY).
The chipmaker’s shares have climbed over 6% this week, driven by the sustained demand for AI chips. CEO Jensen Huang’s recent announcements about future product releases have further bolstered the NVDA stock momentum. Nvidia plans to launch a high-powered version of its Blackwell chip, dubbed Blackwell Ultra, in 2025. In addition, the company will release a new AI chip platform, Rubin, in 2026.
Nvidia is also gaining increased attention as it approaches its upcoming 10-for-1 stock split, scheduled to occur after the market closes on Friday. This stock split will make Nvidia shares more accessible to a broader range of investors, potentially driving further interest and investment. Nvidia’s stock has soared nearly 150% year-to-date, following a more than threefold increase in 2023.
NVIDIA (NASDAQ: NVDA) Stock Movement
On Wednesday, NVDA stock jumped 5.16%, closing at $1224.40, marking a 6.63% increase for the week. The trading volume was 52,840,176 shares, higher than the average daily volume of 49.42 million.
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