AI chipmaker Nvidia soars to $3T market cap to pass Apple as second-most valuable in the world

Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker’s stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.The latest rally in Nvidia comes as it prepares to split its stock 10-for-one, effective on June 7, a move that could increase its appeal to individual investors.The surge in Nvidia’s stock market value above Apple’s underscores a shift in Silicon Valley, where the company co-founded by Steve Jobs has domina ...