Nvidia's stock is a leading gainer as chip giant nears $3.5 trillion market cap

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Nvidia Corp.’s stock was the second-best performer in the S&P 500 in Monday afternoon action, moving the company closer to a milestone market capitalization.

Shares of Nvidia were up 3% with about an hour left in the session. They recently changed hands at $142.14, having touched as high as $142.46 earlier in the trading day. The stock would need to close at $142.682 for Nvidia to clinch a $3.5 trillion market capitalization, according to Dow Jones Market Data.

As it stands, only Apple Inc. has achieved that feat, first reaching the requisite level in July. Apple had a $3.59 trillion market cap in intraday action Monday.

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