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Nvidia
shares rose nearly 3% on Wednesday and headed for a record close for the first time since January, as investors gain confidence that the company’s leadership in artificial intelligence won’t be dampened by Chinese export controls.
The stock rose as high as $153.13 during the day, matching its prior intraday high. It’s currently trading at $151.92, which would put it past its closing high of $149.43 on Jan. 6.
Nvidia is now worth $3.7 trillion, making it the largest company in the world by market cap, slightly beating out Microsoft
