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- Yahoo Finance
Nvidia closes above $3 trillion for first time, overtakes Apple as second-largest co. in US market
Shares of Nvidia rose more than 5% Wednesday, pushing the company's market cap above Apple for the first time.
- Barrons.com
The $3 Trillion Club— Microsoft, Apple, and Nvidia—Make Up 20% of the S&P 500
“Narrow leadership like now happens from time to time but it never lasts,” said Sean O’Hara, president of Pacer ETFs Distributors, a fund provider with $45 billion in assets under management. Nvidia rose 5% Wednesday and is now up more than 150% this year. The Nvidia rally has picked up steam in recent weeks because the company’s stock is set to split 10 for one at the end of this week.
- Reuters
Nvidia overtakes Apple as No. 2 most valuable company
(Reuters) -Nvidia's rallied to record highs on Wednesday, with the artificial intelligence chipmaker's valuation breaching the $3 trillion mark and overtaking Apple to become the world's second most valuable company. Nvidia is preparing to split its stock ten-for-one, effective on June 7, a move that could increase its appeal to individual investors. The surge in Nvidia's market value above Apple's marks a shift in Silicon Valley, which the company co-founded by Steve Jobs has dominated since it launched the iPhone in 2007.
