overtakes

By Noel Randewich and Sruthi Shankar (Reuters) – Nvidia (NASDAQ:) dethroned Apple (NASDAQ:) as the world’s most valuable company on Friday, following a record-setting rally in the stock powered by an insatiable demand for its new supercomputing AI chips. Nvidia’s stock market value briefly touched $3.53 trillion, while that of…

By Noel Randewich (Reuters) -Nvidia’s rallied to record highs on Wednesday, with the artificial intelligence chipmaker’s valuation breaching the $3 trillion mark and overtaking Apple (NASDAQ:) to become the world’s second most valuable company. Nvidia (NASDAQ:) is preparing to split its stock ten-for-one, effective on June 7, a move that…