Nvidia achieved a historic milestone by exceeding a $3 trillion market cap during intraday trading, driven by the soaring demand for its chips fueling the AI boom.

This surge propelled Nvidia to become the second-largest public company, overtaking Apple and trailing only behind Microsoft.

With its shares skyrocketing over 3,224% in the past five years, Nvidia's remarkable growth trajectory led it to pass the $2 trillion valuation earlier this year before swiftly reaching the $3 trillion mark.

The company's success is fueled by the relentless demand for its powerful GPUs, essential for developing and deploying large AI models utilised by tech giants like Google, Microsoft, and Amazon.