SEC Ends Ethereum Probe: Victory for Consensys and Blockchain Developers 
BYD Challenges Hyundai, Kia in South Korea with $25,000 Seal EV Debut 
Undervalued Cryptos: Shiba Inu, Dogecoin, and Cardano Set for Bullrun? 
Nvidia Surpasses Microsoft, Apple to Claim World's Most Valuable Company Title 
The Hubble telescope has shifted into one-gyro mode after months of technical issues − an aerospace engineering expert explains 
What you should know before you start chasing bargains at the EOFY sales 
Ethereum's Path to $10K is the Most Asymmetric Bet in Crypto, Analyst Says 
Tesla to Launch Major Cybertruck Charging Upgrades Before Quarter's End 
Shiba Inu (SHIB) Partners With British Red Cross to Boost Crypto Donations 
First Bitcoin ETF Debuts on Australia's Main Stock Market 
Young investors: Here’s some tips for getting into the market 
Gig platform workers need better health and well-being protections 
FC Barcelona and Nike Overcome 'Bad Moments' to Renew Historic Partnership 
Meta Faces US Lawsuit from Australian Billionaire Forrest Over Scam Crypto Ads 
Hashdex Proposes Hybrid Bitcoin and Ethereum ETF for Diverse Crypto Exposure 
AI can make African elections more efficient – but trust must be built and proper rules put in place 
US Supreme Court to Hear Nvidia Crypto Mining Revenue Fraud Appeal 
Nvidia's stock surged on Wednesday, propelling its valuation past $3 trillion and surpassing Apple as the world's second most valuable company.
Nvidia’s $3 Trillion Milestone Surpasses Apple’s Valuation
On Wednesday, Nvidia's stock price soared to new heights, driving the artificial intelligence chipmaker's valuation beyond $3 trillion and making it the second most valuable corporation in the world, behind only Apple.
As reported by Reuters, Nvidia is getting ready to divide its stock in half, which might make it more appealing to individual investors, starting on June 7.
With a 5.2% increase, Nvidia's shares ended the day valued at $3.012 trillion. Apple's shares rose 0.8%, bringing the company's market valuation to $3.003 trillion.
AI Race Intensifies: Nvidia, Microsoft, and Alphabet Lead
As companies like Microsoft, Meta Platforms, and Alphabet (owner of Google) scramble to develop their artificial intelligence computing skills and control the new technology, Nvidia's stock has increased by 147% so far in 2024. It has gained roughly 30% in the time since Nvidia's most recent revenue projections on May 22.
Earlier this week, Nvidia CEO Jensen Huang—who was born and raised in Taipei before migrating to the US—was swarmed by fans and television cameras during his visit to the Computex technology trade show in Taipei, according to MSN.
AI Excitement Boosts Nvidia, Challenges Apple
Nvidia is riding high on the AI excitement on Wall Street, while Apple is fighting an uphill battle in China, the largest smartphone market in the world, due to low demand and fierce competition. As rival tech giants hastily incorporate AI capabilities into their goods and services, some investors see Apple as falling behind.
Nvidia's stock has soared, but analysts' expectations for the company's future profits have overtaken it. According to LSEG statistics, compared to a year ago, when it was trading at more than 70 times predicted earnings, Nvidia is now trading at 39 times, making it a more affordable stock.
On Wednesday, chip stocks were bolstered broadly by confidence in AI, sending the PHLX chip index surging 4.5%. Super Micro Computer, a vendor of Nvidia-powered AI-optimized servers, had a 4% increase in stock price.
