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Nvidia overtakes Apple as No. 2 most valuable company

(Reuters) -- Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker's stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world's second-most-valuable company.

The latest rally in Nvidia comes as it prepares to split its stock 10-for-1, effective on June 7, a move that could increase its appeal to individual investors.