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Nvidia value surges past $3tn and overtakes Apple

 Published: 10:37, 6 June 2024

Nvidia value surges past $3tn and overtakes Apple

Nvidia's market value has surged past $3tn (£2.3tn), lifting the chipmaker ahead of Apple to become the second most valuable publicly listed company in the world.

The firm's share price rose more than 5% on Wednesday, to more than $1,224.

It extended a breathtakingly rapid climb that started last year, powered by bets that the firm is positioned to be a major winner from a wave of investment in artificial intelligence (AI).

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