Nvidia Hits $3 Trillion Milestone in AI Chip Boom

Nvidia's stock market value reached $3 trillion on Wednesday, driven by competition among Wall Street's biggest players to lead in AI technology. Shares of Nvidia surged by 4.75%, touching an intra-day record high of $1,219.93, propelled by its specialized AI chips.

Nvidia's stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street's heavyweights to dominate AI technology.

Shares of the maker of specialized AI chips were last up 4.75%.

Nvidia shares touched an intra-day record high of $1,219.93, giving it a market capitalization of $3 trillion.