India, Feb. 15 -- Chipmaker Nvidia (NVDA) surpassed Alphabet Inc. (GOOG) to become the third most valuable company in the U.S. on Wednesday, trailing behind Microsoft (MSFT) and Apple (AAPL).
Nvidia's market value rose to $1.83 trillion on Wednesday, fueled by the robust demand for its AI server chips, inching above Alphabet's $1.82 trillion market capitalization. The chipmaker's shares rose 2.5 percent to $739 per share, whereas the Google parent's shares ended trading at $145.94.
The move comes one day after the Santa Clara-based company surpassed Amazon, when Nvidia's stock rose around 3 percent to over $740 per share, valuing the company at $1.83 trillion, whereas the e-commerce giant's market valuation stood at $1.80 trillion.
The o...