At the end of Wednesday's session, Nvidia surpassed Alphabet, which owns Google, to occupy third place on the list of the largest American companies in terms of market value, after Nvidia also surpassed Amazon and at a time when investors are awaiting the next quarterly report of the dominant company in the field of manufacturing artificial intelligence chips.
The company's shares, which are based in Santa Clara, California, rose 2.46 percent, bringing its market value to $1.825 trillion, while Alphabet's shares rose 0.55 percent, bringing the company's value to $1.821 trillion.
NVIDIA is one of the major beneficiaries of the technology companies' race to integrate artificial intelligence into their products and services, and the latest increase in its share price came a day after a trading session that ended with its market value exceeding Amazon's market value for the first time in two decades.
Amazon's market value reached $1.776 trillion after its stock advanced 1.39 percent yesterday, Wednesday.
Nvidia's quarterly report will be released next Wednesday, and many investors on Wall Street are awaiting it.
