Nvidia’s market cap crosses $3 trillion: surpasses Apple to become the world’s second most valuable company

Shares of US semiconductor chip maker Nvidia Corp reached a new record high on Wednesday. On June 5, it closed at $1,224.40 (about Rs 1,86,958) with a gain of $60.03 or 5.16%. With this, the company’s market cap has crossed $3 trillion (about Rs 250 lakh crore), after which Nvidia has become the second most valuable company in the world, leaving behind Apple. At the same time, it is already the most valuable semiconductor firm in the world. In 2002, Nvidia’s market cap was more than Apple’s. Earlier in the year 2002, Nvidia’s market cap was more than Apple’s market cap. At that time, the market cap of both the companies was less than $10 billion. Nvidia’s stock gave a return of 169.08% in the last 6 months Nvidia’s stock has seen a rise of 6.93% in the last 5 trading days, 32.88% in one month and 169.08% in 6 months. So far this year, Nvidia’s stock has given a return of 154.19%. At the same time, Nvidia’s stock has climbed 216.76% in the last one year and 3,265.59% in the last 5 years. The company is planning to upgrade its AI accelerator According to Bloomberg, Nvidia CEO Jensen Huang announced that the company is planning to upgrade its AI accelerator. According to the Bloomberg Billionaires Index, the surge in the stock on Wednesday increased Huang’s wealth by more than $5 billion (about 41 thousand crores), taking his total wealth to $107.4 billion (about 89 lakh crores). Apple faced challenges this year Apple has faced challenges this year, its shares have come under pressure due to falling demand for iPhones in China and concerns of fines from the European Union. On Wednesday, Apple’s stock closed at $195.87 with a rise of 0.78%. In the last one month, Apple’s stock has seen a rise of 7.79%. At the same time, Apple’s stock has given a return of 1.85% in 6 months and 9.30% in one year.

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