The share price of the AI microchip manufacturer has increased to above $3 trillion (£2.34 trillion).
Following a year of growth, Nvidia shares increased 5% on Wednesday, with one share currently trading for $1,224.40 (£957).
Although a share was only worth $386.54 (£302) a year ago, investors have flocked to the company to make AI-related investments.
Nvidia was only worth $1 trillion in February, but after announcing a “stock split” that will happen on Friday, new interest was generated.
By making more shares available, more people will be able to invest, which will lower the share value.
The quantity and cost of shares that are issued determine a public company’s worth.
Tech firms, such as Apple and Microsoft, have been vying with one another to create AI and incorporate it into their goods.
Having been created in 1993, Nvidia is a more recent firm than some of its competitors. Like many other tech behemoths, it was established in California, USA.
Since its founding, it has been creating microchips and incorporating machine learning capabilities into its goods.
Santa Clara, California is home to the multinational corporation and technology company established in the United States.
