By Reuters
A smartphone with a displayed NVIDIA logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
June 5 (Reuters) – Nvidia’s
stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI technology.
Shares of the maker of specialized AI chips were last up 4.75%.
Nvidia shares touched an intra-day record high of $1,219.93, giving it a market capitalization of $3 trillion.
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Reporting by Medha Singh in Bengaluru; Editing by Shilpi Majumdar and Leslie Adler
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