Nvidia Corp’s (NASDAQ:NVDA) stock surged to record highs on Wednesday, valuing the company at over $3 trillion and making it the world’s second most valuable company, surpassing Apple Inc (NASDAQ:AAPL). Nvidia plans a ten-for-one stock split on June 7 to attract more individual investors. Nvidia’s valuation has soared 147% in 2024 due to strong demand for AI processors from companies like Microsoft Corp (NASDAQ:MSFT), Meta Platforms Inc (NASDAQ:META), and Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL
Shares of Nvidia retreated in early trading Thursday, a day after the company's market cap topped $3 trillion.
Stock Market Today: The Dow Jones rose Thursday on surprise weekly jobless claims. Nvidia stock reversed lower after hitting record highs.