NVIDIA IS NOW MORE VALUABLE THAN APPLE AT $3.01 TRILLION

Summary from the TLDR newsletter

Nvidia became the second most valuable company in the world on Wednesday afternoon as its market capitalization hit $3.01 trillion. It became a $1 trillion company in May 2023, hitting $2 trillion in February this year. The company reported $14 billion in profit in May. Its AI accelerators make up between 70% and 95% of the market share for AI chips. Nvidia has plans to launch a new AI chip every year.