Nvidia share price hits record high, reclaims title of world’s most valuable company with $3.66 trillion market cap
Nvidia shares surged to a record high on Wednesday, reclaiming the title of the world’s most valuable company amid continued investor optimism around artificial intelligence. The rally followed Chief Executive Jensen Huang’s presentation of the company’s latest technologies at its annual shareholder meeting.
Nvidia stock price closed 4.33% higher at $154.31 apiece, lifting Nvidia’s market capitalisation to approximately $3.77 trillion. The chipmaker overtook Microsoft Corp., which ended the session with a valuation of $3.66 trillion after a 0.44% rise in its share price.
Over the past year, Nvidia, Microsoft, and Apple have traded places at the top of the global market cap rankings. Apple share price rose 0.63% on Wednesday,…
