Nvidia (NVDA)

Nvidia's stellar run continued last night, climbing 3.5%, as it overtook Microsoft (MSFT) to be crowned the most valuable stock in the world. In pre-market trading on Wednesday it was 0.6% higher.

Shares eclipsed $135 (￡106) per share giving the chipmaker a market capitalisation over $3.33trn. With a 0.4% slide on Tuesday, Microsoft's market cap stood at nearly $3.32trn.

It comes just two weeks after Nvidia took the number two spot from Apple (AAPL).

Shares of Nvidia are up more than 215% over the last 12 months and more than 3,400% over the last five years. This is thanks to the explosion in interest in generative AI that kicked off when OpenAI debuted its ChatGPT software in late 2022.

Year to date, Nvidia has gained 175%; Microsoft stock is up just less than 19% in 2024.

Nvidia first crossed a $1trn market cap on June 13, 2023. The company's advance from a $1trn to a $3trn market cap was the fastest on record.

Nvidia completed a 10-for-1 split on June 10.

Read more: Is there any value left in Nvidia stock? Here’s what the charts say!

Berkeley (BKG.L)

Housebuilder Berkeley was in the red this morning despite lifting its earnings outlook for the current financial year by 5% to ￡525m.

It was the biggest loser on the FTSE 100 index as it reported a pre-tax profit of ￡557m for the year to 30 April, down from ￡604m last year.

The company said that it would plunge back into the private rental market for the first time in a decade by launching a build-to rent arm to tackle the “severe shortage” of properties in and around London.

Berkeley, which built 3,500 homes for private sale last year, will establish a build-to-rent business, which aims to create 4,000 homes in London and the south-east over the next decade.

It plans to develop the properties across 17 brownfield sites and launch a dedicated online platform to manage them.

Berkeley said: "The operating environment has become increasingly uncertain over recent years as a high number of well-intended regulatory and policy changes came into effect.

"This contributed to a marked decrease in private and affordable homebuilding activity, with SME developers and housing associations particularly impacted.

"This significant decline in housing delivery has been acknowledged by policymakers at all levels and triggered a renewed focus on addressing barriers within the regulatory and planning system."

Read more: UK inflation drops to Bank of England's 2% target

Games Workshop (GAW.L)

Warhammer maker Games Workshop rallied 8% in London after it said it expects a jump in annual pre-tax profits to at least ￡200m compared to ￡171m a year earlier.