Nvidia's market value has surged past $3 trillion, overtaking Apple to become the second most valuable publicly listed company in the world behind Microsoft. Nvidia's share price rose 5% on Wednesday to over $1,200. Valued at just $2 trillion in February, Nvidia's announced stock split that will increase shares by 10x and lower their price is expected to generate more demand. Founded in 1993, Nvidia was originally a graphics chip maker but added machine learning features, positioning it for the AI revolution. Nvidia reported $26 billion in sales for the last quarter, more than triple the previous year's and up 18% from the prior quarter, showing explosive growth.
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00:00It's Benzinga, and here's what's on the block.
00:02NVIDIA's market value has surged past $3 trillion, overtaking Apple to become the second
00:07most valuable publicly listed company in the world behind Microsoft.
00:11NVIDIA's share price rose over 5% on Wednesday to over $1,200 a share.
00:17Valued at just $2 trillion in February, NVIDIA's announced stock split that will increase shares
00:21by 10 times and lower their price is expected to generate more demand.
00:26Founded in 1993, NVIDIA was originally a graphics chip maker but added machine learning
00:31features, positioning it for the AI revolution.
00:34NVIDIA reported $26 billion in sales for the last quarter, more than triple the previous
00:39years and up 18% from the prior quarter, showing explosive growth.
00:42For all things money, visit Benzinga.com.