Nvidia record close pushes market value past $5 trillion
Nvidia's record close pushed its market value past $5 trillion, lifting chip stocks and extending a rally built on renewed AI hardware demand.
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Nvidia's record close pushed its market value past $5 trillion, lifting chip stocks and extending a rally built on renewed AI hardware demand.
Nvidia closed at a record and pushed its market value above $5 trillion as investors piled into AI chips ahead of hyperscaler earnings next week.
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China cut fiscal spending in March as stronger growth reduced pressure for new stimulus beyond the current budget.
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Nvidia’s rally lifted its market value past $5 trillion as the Nasdaq climbed 15% in April and chip stocks rebounded after Intel’s earnings beat.
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The Bank of England warned that “AI stock valuations” look stretched as Nvidia, AMD and Qualcomm extended the AI-driven rally.
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