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## Nvidia Surges Past $3 Trillion Market Value

Nvidia, a leading chip giant, has seen its market value soar past $3 trillion (£2.3 trillion), surpassing Apple to claim the title of the world’s second most valuable publicly listed company. This significant milestone was achieved as the firm’s share price climbed over 5% on Wednesday, reaching a value of more than $1,224.

The remarkable ascent of Nvidia’s market value can be attributed to its strong positioning in the field of artificial intelligence (AI). Investors have shown confidence in the company’s ability to capitalize on the increasing investments in AI, propelling its market ranking just behind industry heavyweight Microsoft.

With its market value previously at $2 trillion in February, Nvidia’s announcement of a stock split plan has triggered another wave of share purchases. This strategic move, scheduled for Friday, involves increasing the number of shares by a factor of 10 to make them more accessible to small-time investors.

In the realm of AI and machine learning, Nvidia has solidified its status as a key player. The company’s innovative approach to enhancing its computer chips has expanded its market share significantly. CEO Jensen Huang envisions Nvidia as a pivotal entity driving the proliferation of AI-powered technologies, heralding the dawn of the “next industrial revolution.”

Amidst the broader market rally fueled by optimism surrounding AI technologies, Nvidia stands out as a major force behind the surge in the S&P 500 and Nasdaq indices. Even as Apple navigates through sales growth challenges, the tech giant’s incorporation of AI strategies has sparked renewed interest among investors.

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