The stock price of AI and gaming chip manufacturer Nvidia (NVDA) surged past $1,235 on Wednesday, up 14.2% for the day, bringing the company's market capitalization to $3.01 trillion, according to Yahoo! Finance. If the trend holds, Nvidia will be the second most valuable publicly traded company, leapfrogging iPhone maker Apple (AAPL).
Nvidia—which has seen its stock skyrocket more than 150% so far this year—began the week trading at $1,125 on Monday before rising 9.78% on Wednesday. Apple is trading at $195.87, up 0.78% for the day.
The only other company in the $3 trillion club is Microsoft (MSFT), which has long held the top spot at $3.15 trillion and is trading at $424.01.
By comparison, the entire cryptocurrency marketplace has a market capitalization of $2.8 trillion, according to CoinGecko.
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