Nvidia Surpasses Apple as Second-Largest Public Company in the US

Nvidia's stock price surged 5.16% to reach $1,224.40 on Wednesday, with its market capitalization rising to a record high of approximately $3 trillion. This makes Nvidia the second-largest publicly traded company in the US by market value. Apple's stock also saw an increase of 0.78%, closing at $196 per share. The rally comes as Apple prepares to split its stock 10-for-1, effective June 7th. Nvidia's rise is attributed to its strong position in the artificial intelligence industry. Its market value now trails only Microsoft, another major player in AI thanks to its investments in OpenAI.