Nvidia has become the second most valuable company in the world. As of Wednesday afternoon, the chipmaking giant’s market capitalization reached $3.01 trillion, putting it just ahead of Apple at $3 trillion.
In May, Nvidia reported making a whopping $14 billion in profit from all the chips it is selling. Nvidia is now second only to Microsoft, which currently has a market cap of $3.15 trillion. The chipmaker’s stock is currently at more than $1,220 per share, but Nvidia plans to split shares on June 7.
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