NEW YORK: Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street\u2019s bet that artificial intelligence will transform the economy.<\/p>\n
Shortly after the stock market opened, Nvidia vaulted as high as $164.42, giving it a valuation above $4 trillion. The stock subsequently edged lower, ending just under the record threshold.<\/p>\n
\u201cThe market has an incredible certainty that AI is the future,\u201d said Steve Sosnick of Interactive Brokers. \u201cNvidia is certainly the company most positioned to benefit from that gold rush.\u201d<\/p>\n
Nvidia, led by electrical engineer Jensen Huang, now has a market value greater than the GDP of France, Britain or India, a testament to investor confidence that AI will spur a new era of robotics and automation.<\/p>\n
The California chip company\u2019s latest surge is helping drive a recovery in the broader stock market, as Nvidia itself outperforms major indices.<\/p>\n
Part of this is due to relief that President Donald Trump has walked back his most draconian tariffs, which pummeled global markets in early April.<\/p>\n
Even as Trump announced new tariff actions in recent days, US stocks have stayed at lofty levels, with the tech-centered Nasdaq ending at a fresh record on Wednesday.<\/p>\n
\u201cYou\u2019ve seen the markets walk us back from a worst-case scenario in terms of tariffs,\u201d said Angelo Zino, technology analyst at CFRA Research.<\/p>\n
While Nvidia still faces US export controls to China as well as broader tariff uncertainty, the company\u2019s deal to build AI infrastructure in Saudi Arabia during a Trump state visit in May showed a potential upside in the US president\u2019s trade policy.<\/p>\n
\u201cWe\u2019ve seen the administration using Nvidia chips as a bargaining chip,\u201d Zino said.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW YORK: Nvidia became the first company to touch $4 trillion in market value on Wednesday, a new milestone in Wall Street\u2019s bet that artificial intelligence will transform the economy. Shortly after the stock market opened, Nvidia vaulted as high as $164.42, giving it a valuation above $4 trillion. The stock subsequently edged lower, ending …<\/p>\n","protected":false},"author":4,"featured_media":83497,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-83486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=83486"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83486\/revisions"}],"predecessor-version":[{"id":83498,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/83486\/revisions\/83498"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/83497"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=83486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=83486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=83486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}