Dow Jones Industrial Average, S&P 500, and Nasdaq Composite reflects significant developments within the technology sector, particularly driven by Nvidia's unprecedented market performance. On July 9, 2025, the S&P 500 rose by 0.6%, nearing a record close, while the Dow increased by 0.5% and the Nasdaq climbed by an impressive 0.9% . This surge illustrates how pivotal tech stocks are in influencing broader market trends.
Shares of the top chip designer rose roughly 2.4% to $164, benefiting from the ongoing surge in demand for artificial intelligence technologies. Nvidia’s chips and associated software are considered world leaders for building artificial intelligence products.
Nvidia achieved a $1tn market value for the first time back in June 2023 and the surge continued unabated with its market value – the total value of its shares – more than tripling in about a year, faster than Apple and Microsoft, the only other US firms with a market value of more than $3tn. Apple was the first company to reach a valuation of $3tn, back in 2022.
The Invesco S&P 500 Equal Weight ETF (RSP) edged up 0.3%.
The First Trust Nasdaq 100 Equal Weighted Index ETF (QQEW) was essentially flat, eking out a 0.08% gain.
But both continue to trade in a mini-range this week after a strong run, with QQEW around record levels.
In any case, leading stocks had a solid session. Several bounced back after retreating Tuesday, including Rubrik.
U.S. crude oil prices rose five cents to $68.38 a barrel.
The 10-year Treasury yield fell seven basis points to 4.34%, snapping a five-session win streak.
Huang sees a long runway for growth. On Nvidia’s earnings call in May, he said AI will be necessary for “every country” and “every industry.”
“Of course, we know that AI is this incredible technology that’s going to transform every industry, from, of course, the way we do software to health care and financial services to retail to, I guess, every industry, transportation, manufacturing,” he said. “And we’re at the beginning of that.”
Wall Street analysts expect Nvidia to keep climbing. In a June research note, analysts from investment firm Loop Capital estimated that the company could reach a $6 trillion market cap by 2028.
Nvidia's achievement of becoming the first company to reach a $4 trillion market capitalization has further solidified its role as a leader in technological innovation. Such milestones contribute to investor confidence in technology stocks and underscore their potential for long-term growth. The robust performance of Nvidia is emblematic of broader shifts within financial markets where technology continues to dominate investment narratives.
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