Move over, Apple — there's a new tech titan in town! Nvidia's stock soared 5.2% on Wednesday, pushing its market value to $3.012 trillion and dethroning the iPhone maker as the world's second-most valuable company. Only Microsoft ($3.15T) now stands higher.
The AI chipmaker's meteoric rise comes as tech giants like Meta and Google scramble for its processors to power their artificial intelligence ambitions. With shares up 147% in 2024 alone, Nvidia's growth is giving Marvel superhero trajectories a run for their money .
\"Nvidia's printing money with AI while others are just spending on it,\" said Longbow Asset Management CEO Jake Dollarhide. Some analysts even predict Nvidia could overtake Microsoft next!
In a play straight out of the retail investor playbook , Nvidia plans a 10-for-1 stock split on June 7 — making shares more accessible to everyday traders. Meanwhile, Apple faces headwinds from slowing iPhone demand and competition in the Chinese mainland smartphone market.
One thing's clear: The AI revolution has a new flagbearer, and its name isn't stamped on your smartphone… yet.
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Nvidia's stock soared 5.2% on Wednesday, pushing its market value to $3.012 trillion and dethroning the iPhone maker as the world's second-most valuable company. Only Microsoft ($3.15T) now stands higher.
The AI chipmaker's meteoric rise comes as tech giants like Meta and Google scramble for its processors to power their artificial intelligence ambitions. With shares up 147% in 2024 alone, Nvidia's growth is giving Marvel superhero trajectories a run for their money 
.
, Nvidia plans a 10-for-1 stock split on June 7 — making shares more accessible to everyday traders. Meanwhile, Apple faces headwinds from slowing iPhone demand and competition in the Chinese mainland smartphone market.
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