Nvidia's market capitalization reached $3.019 trillion, surpassing Apple's $2.99 trillion, making it the US's second-largest public company behind Microsoft's $3.15 trillion.
Nvidia's stock rose 5.2%, boosting S&P 500 and Nasdaq to new record highs. With the AI boom, Nvidia's shares surged 147% this year and 239% in 2023.
Nvidia CEO announced the upcoming Rubin AI chip platform in 2026, succeeding Blackwell, which was described as the 'world's most powerful chip.' Analysts predict further stock growth.
CFRA Research's senior equity analyst believes Nvidia has the potential to become the most valuable company given its AI monetization opportunities and market expansion. The upcoming 10-for-1 stock split aims for more accessibility to individual investors.
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