which started the year at under $500 a share and closed on wednesday at over $1,200 a share. that is just such a huge jump in a short time. it rose over 5% in value on wednesday alone, giving it the market cap of just over $3 trillion. let s hear more from our north america business correspondent erin delmore. wall street s on a record breaking run. the latest all time high closes for the s&p 500 and the nasdaq. the latter powered by you guessed it nvidia. the chip makerjoined the $3 trillion club on wednesday, overtaking apple as the world s second most valuable company. microsoft is still the world s number one. nvidia is only the third company to ever exceed $3 trillion in market value. it s leading in the race to develop the chips needed to enable new artificial intelligence applications. and that s where the other tech giants and a lot of companies are spending big bucks right now. nvidia shares ended the trading day up more than 5%. alphabet, amazon, apple, meta,
developing, say, technology sectors, equipment manufacturing, that previously russia has been reliant on from the west? how does it grow its own industry and its spending in the military sector to establish those localised industries? there is a lot of that discussion and you hear a lot more about that in partnership with countries, mainly african, asian, south american, who will attend this week. , ., ~ , ., week. interesting, thank you. chris weafer week. interesting, thank you. chris weafer of week. interesting, thank you. chris weafer of the week. interesting, thank you. chris weafer of the eurasia i chris weafer of the eurasia consultancy macro advisory. thank you. let s get some of the day s other news now. toyota and mazda have paused production of five vehicle models amid a growing scandal affecting japan s car industry. both firms are being investigated over incorrect data on safety certification tests. toyota s headquarters was visited by officials from japan s transpor