Wall Street surged to all-time highs on Wednesday (Thursday NZT) as the excitement around artificial intelligence technology continues to drive stocks higher.

The S&P 500 jumped **1.

2%** on Wednesday, surpassing its record set two weeks ago.

The Nasdaq Composite rallied even more, gaining **2%** to set its own all-time high.

The Dow Jones Industrial Average, which has less emphasis on tech, lagged behind with a gain of **0.

2%**.

The rally pushed the total market value of Nvidia, which has become the poster child of the AI boom, above **US$3 trillion (NZ$5.

2 trillion)** for the first time as it closed at **US$3.

01 trillion**, making it the world’s second-most valuable firm as it edged past Apple (**US$3.

00 trillion**) and closed in on market cap leader Microsoft (**US$3.

15 trillion**).

The company is also about to undergo a stock split that will give each of its investors nine additional shares for every one that they already own.

The chipmaker has seen soaring demand for its semiconductors, which are used to power artificial intelligence applications.

The company’s revenue more than tripled in the latest quarter compared to the same period a year earlier.

Nvidia, which has positioned itself as one of the most prominent players in AI, has been producing some eye-popping numbers.

Here’s a look:- The company’s **10-for-1 stock split** goes into effect at the close of trading on Friday, June 7, and is open to all shareholders of record as of Thursday, June 6.

The move gives each investor nine additional shares for every share they already own.

Companies often conduct stock splits to make their shares more affordable for investors.

- Nvidia’s stock closed Friday at **US$1096.

33**, making it just the ninth company in the S&P 500 with a share price over **US$1000**.

- Revenue for Nvidia’s most recent fiscal quarter was more than triple the **US$7.

2 billion** it reported in the same period a year ago.

- Wall Street expects Nvidia to bring in revenue of **US$117 billion** in fiscal 2025, which would be close to double its revenue in 2024 and more than four times its receipts the year before that.

- Nvidia’s total market value as of the close of trading Friday was **US$3.

01 trillion**.

Earlier this year, it passed Amazon and Alphabet to become the third most valuable public company, behind Microsoft (**US$3.

17 trillion**) and Apple (**US$2.

98 trillion**).

The company was valued at around **US$418 billion** two years ago.

- Nvidia’s estimated net margin, or the percentage of revenue that gets turned into profit, is about **53%**.

By comparison, Apple’s net margin was **26.

3%** in its most recent quarter and Microsoft’s was **36.

4%**.

Both those companies have significantly higher revenue than Nvidia, however.