Nvidia closes above $3 trillion for first time, overtakes Apple as second-largest co. in US market ...Middle East

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Shares of Nvidia (NVDA) climbed more 5% on Wednesday reaching a record high of $1,224.40 and giving the company a market cap above $3 trillion for the first time ever. The stock’s advance pushed Nvidia past Apple, making it the second-most-valuable company in the US stock market. Microsoft currently holds the top spot. Wednesday’s rally comes amid a broader gain in tech stocks, with softer US economic data and a decline in Treasury yields boosting markets on hopes the Federal Reserve may cut rates as early as July. Nvidia has been the poster child for investor enthusiasm in AI, which accelerated with OpenAI’s release of ChatGPT in late 2022. The stock is up over 140% this year and 200% ove

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Last updated : 05 June 2024 clock 11:37 PM

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Nvidia closes above $3 trillion for first time, overtakes Apple as second-largest co. in US market ...Middle East

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