Nvidia’s stock market value hits $3 trillion for first time

Nvidia’s stock market value hit $3 trillion for the first time today as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI technology.

Shares of the maker of specialized AI chips were last up 4.75%.

Nvidia shares touched an intra-day record high of $1,219.93, giving it a market capitalization of $3 trillion.