Investors keep piling into shares of Nvidia, which hit another fresh record high as the AI chipmaker prepares for its 10-for-1 stock split.
Nvidia CEO Jensen Huang got the rock star treatment this week touring Taiwan, his birth country, while here in the U.S. investors continued to treat the stock, which is the biggest proxy for artificial intelligence, as a sure thing. The chipmaker’s market value of $3.01 trillion surpassed Apple’s by a slim margin and trailed only Microsoft, the world’s largest company. It is the third U.S.
The stock, which closed at an all-time high of $1,224.40 on Wednesday, would value one share at $122.44, a level that is subject to change during Thursday’s session. The stock has gained more than 200% this year. Last month, the company also boosted its quarterly dividend payout 150% to $0.10 per share.
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