June 5, the stock price of artificial intelligence chip manufacturer NVIDIA (stock code: NVDA) soared to a historic high, surpassing a market value of over $3 trillion, successfully overtaking Apple (stock code: AAPL) to become the world's second-largest company by market capitalization.

NVIDIA plans to conduct a ten-to-one stock split on June 7th, which may increase its attractiveness to individual investors.

Since the launch of the iPhone in 2007, Apple has been dominant in the market, but NVIDIA's surpassing marks a shift in Silicon Valley.

Data shows that NVIDIA's stock price rose by 5.2%, closing at $1,224.40, with a market capitalization of $3.012 trillion; Apple's market capitalization was last recorded at $3.003 trillion, with its stock price rising by 0.8%. Microsoft (stock code: MSFT) remains the world's most valuable company, with a market capitalization of $3.15 trillion after a 1.9% increase in its stock price.

Jack Dallard, CEO of Longbow Asset Management, said, "NVIDIA is currently profiting from artificial intelligence, while companies like Apple and Meta are investing in artificial intelligence. NVIDIA may also surpass Microsoft, and a large amount of retail investors' funds are flowing into their favored stocks."

So far in 2024, NVIDIA's stock price has risen by 147% as Microsoft, Meta platforms, and Alphabet compete to expand their artificial intelligence processing capabilities, resulting in high demand for NVIDIA's high-end processors for quite some time.

Since NVIDIA announced its latest sales forecast on May 22nd, its stock price has risen by over 30%.

The optimistic sentiment around artificial intelligence has boosted semiconductor stocks, with the PHLX chip index rising by 4.5%. Super Micro Computer Inc. (stock code: SMCI), a supplier of AI-optimized servers tailored for NVIDIA chips, rose by 4%.