Nvidia, stock futures
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Nvidia becomes first $4 trillion company at market close. Its stock has increased more than 870 percent since ChatGPT was released in late 2022.
Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
I'm talking about Nvidia (NVDA) , of course, and the question is: Can it help power the S&P 500 to another record high? The answer is yes. In premarket trading shares of the AI-chip giant are trading up nearly 1%.
The chip maker's shares are up more than 50% over the past three months, leading the broader market rebound after the tariff selloff.
Nvidia's stock market value ended the trading session above $4 trillion for the first time on Thursday, solidifying the AI chipmaker's position as one of Wall Street's most-favored stocks.
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Nvidia (NASDAQ: NVDA) shares climbed 0.7% on Thursday, July 10, to close at $164.10, outperforming the broader market and pushing the chipmaker over the $4 trillion market capitalization threshold at the close of trading.
Nvidia briefly reached a market capitalisation of US$4 trillion on Wednesday, making it the first company in the world to reach the milestone and solidifying its position as one of Wall Street's most-favoUred stocks.
Nvidia stock has surged 51%, making it the first publicly traded company to briefly surpass a staggering $4 trillion market cap.
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