Nvidia surged 5% on Wednesday to become the second-most-valuable company in the world, surpassing Apple.
The stock closed at $1,224.40 per share, giving it a market valuation of $3.014 trillion.
The ongoing artificial intelligence boom has catapulted Nvidia's market valuation to the $3 trillion club as mega-cap tech companies like Meta Platforms, Alphabet, Amazon, and Microsoft rush to buy the company's supply-constrained Al-enabling GPU chips.
Nvidia's valuation was just above $950 billion a year-ago and was about $400 billion in November 2022 when OpenAl first released ChatGPT to the public.
