{"id":66485,"date":"2024-06-07T16:46:12","date_gmt":"2024-06-07T06:46:12","guid":{"rendered":"https:\/\/icmarkets.com.au\/blog\/?p=66485"},"modified":"2024-08-01T15:48:11","modified_gmt":"2024-08-01T05:48:11","slug":"nvidia-overtakes-apple-as-the-second-most-valuable-company","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/nvidia-overtakes-apple-as-the-second-most-valuable-company\/","title":{"rendered":"NVIDIA Overtakes Apple as the second-most valuable company"},"content":{"rendered":"\n<p>Nvidia Corporation surpassed the $3 trillion valuation mark on Wednesday 5 June 2024, positioning itself as the second most valuable company in the U.S. market, overtaking tech giant Apple Inc. This remarkable milestone is driven by the soaring <a href=\"https:\/\/www.youtube.com\/watch?v=65_TRk8lQzI&amp;t=238s\">global demand for AI chips<\/a>, a trend that shows no signs of slowing down.&nbsp;<\/p>\n\n\n\n<p>The <a href=\"https:\/\/www.icmarkets.com.au\/en\/trading-markets\/stocks\">chipmaker\u2019s shares<\/a> saw a climb of 5.16% on Wednesday ahead of the much-anticipated stock split scheduled for Friday. This surge is part of a larger trend, following a robust <a href=\"https:\/\/icmarkets.com.au\/blog\/nvidia-earnings-report-q1-2024-what-you-need-to-know\/\">May 2024 Earnings Report<\/a>, that propelled the stock by 28%. Nvidia\u2019s performance is a clear indication of investor confidence and the company\u2019s strategic positioning in the tech industry.<\/p>\n\n\n\n<p>While Nvidia has made headlines by surpassing Apple, Microsoft Corporation still holds the top spot as the world\u2019s most valuable with a market capitalisation of $3.15 trillion.&nbsp;<\/p>\n\n\n\n<p>Nvidia\u2019s announcement of a 10-1 stock split for June 10 underscores the company\u2019s intent to make its shares more accessible to a broader range of investors. This move reflects Nvidia&#8217;s confidence in its financial health and <a href=\"https:\/\/events.q4inc.com\/attendee\/107630624\">future prospects<\/a>, aimed at enhancing shareholder value. By reducing the price per share, the stock split facilitates easier acquisition for individual investors, potentially expanding the shareholder base and increasing market liquidity.&nbsp;<\/p>\n\n\n\n<p>With the demand for Artificial Intelligence technology on the rise, Nvidia is poised to maintain its growth momentum, as shown by its stock soaring 2,800% in the last five years.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nvidia Corporation surpassed the $3 trillion valuation mark on Wednesday 5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":66486,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[308],"tags":[],"class_list":["post-66485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/66485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/comments?post=66485"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/66485\/revisions"}],"predecessor-version":[{"id":66488,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/posts\/66485\/revisions\/66488"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media\/66486"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/media?parent=66485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/categories?post=66485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets.com.au\/blog\/wp-json\/wp\/v2\/tags?post=66485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}