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Nvidia Shares Surge 2.6%, Nearing Apple with $3.4 Trillion Market Cap

Oct 14, 2024, 06:47 PM

Nvidia shares surged 2.6% to close at a record high, reaching a market cap of $3.4 trillion. The stock has risen over 186% year-to-date, driven by fierce demand for its Blackwell chips. This performance positions Nvidia closer to overtaking Apple as the world's most valuable company, with its stock price now less than $2 away from its all-time high. Nvidia, currently just 5% below Apple in market cap, has successfully calmed investor concerns about product delays and long-term growth prospects.