NVIDIA Is Worth $9 Billion More Than Apple As It Eyes Microsoft’s Market Value Throne

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With markets now closed, A.I. chip maker NVIDIA Corporation has crossed the consumer technology giant to become the world's second most valuable technology company. Data from the Nasdaq exchange shows that NVIDIA's market cap at market close today sat at $3.012 trillion, or $12 billion above the $3 trillion mark. In contrast, Apple is currently worth $3.003 trillion on the stock market, implying that NVIDIA is now worth a mere $9 billion more than the world's largest or second largest technology company in terms of revenue.

NVIDIA Gains 5% During Day's Trading To Inch Close To Microsoft In Race To Become World's Most Valuable Technology Company

Ahead of today's session, NVIDIA and Apple were worth $2.92 trillion and $2.99 trillion, leaving the former less than ten billion dollars shy of overtaking Apple. At close, Apple and NVIDIA are both worth $3 trillion, and NVIDIA is leading Apple by $9 billion in market value after it added more than 5% during the session.

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However, the trading bands for NVIDIA and Apple's shares are quite different. During the day, Apple's shares fluctuated between a high of $196.90 and a low of $194.88, eventually setting to a closing price of $195.87. NVIDIA's closing price matched its intra day high. In fact, during the day, the shares sank to $1174.68 early during the session. Their intra day high was $1,224.49, just nine cents higher than the closing price.

The surge in NVIDIA's share price is also reflected in after market trading. Since market close, the stock has added another 57 basis points in value. On the other hand, shares of NVIDIA's smaller rival AMD and A.I. giant Microsoft were initially down four and 15 basis points, respectively. However, AMD later went green and added 16