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Nvidia Surges to Become World’s Second-Largest Company, Implementing Ten-for-One Stock Split

On Wednesday, AI powerhouse Nvidia saw its shares surge by 5.2%, boosting its market capitalization to $3.02 trillion. Nvidia has now surpassed Apple to become the world’s second-largest company, behind Microsoft, which holds a market capitalization of $3.15 trillion. Due to the significant rise in its share price in recent years, the chipmaker is implementing a ten-for-one stock split to facilitate easier trading for smaller investors.