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Nvidia By The Numbers
FILE - Nvidia CEO Jensen Huang speaks at the Computex 2024 exhibition in Taipei, Taiwan, June 2, 2024. Nvidia passed Microsoft on Tuesday, June 18, 2024, to become the most valuable company in the S&P 500. (AP Photo/Chiang Ying-ying, File)

Nvidia's stock market value touches $3 trillion. How it rose to AI prominence, by the numbers

Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it’s now the third most valuable company in the S&P 500

By Associated Press
Published - Jun 05, 2024, 03:45 PM ET
Last Updated - Jun 05, 2024, 03:45 PM EDT

Nvidia’s stock price has more than doubled this year after more than tripling in 2023 and it's now the third most valuable company in the S&P 500. Nvidia's stock rose again Wednesday to touch $3 trillion in market value.

The company is also about to undergo a stock split that will give each of its investors nine additional shares for every one that they already own.

The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications. The company's revenue more than tripled in the latest quarter from the same period a year earlier.

Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers. Here’s a look:

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