Nvidia Overtakes Apple; Becomes World's Second Most Valuable Company

On June 5, Nvidia's shares surged to record highs, pushing its market capitalization to $3.01 trillion, surpassing Apple's $3.005 trillion and making it the second most valuable company in the world, behind Microsoft's $3.14 trillion. This significant rally came ahead of Nvidia's planned 10-for-1 stock split effective June 7. Nvidia's shares have increased by 147% in 2024.

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