Nvidia share price: Nvidia stocks jump to record high, AI chip giant becomes more valuable than Microsoft, Apple
Nvidia
surged to a fresh record amid continued artificial intelligence bullishness even as US Stock market indexes finished mixed on Wednesday. The broad-based S&P 500 was flat at 6,092.16, while the tech-rich Nasdaq Composite Index gained 0.3 percent to 19,973.55. The Dow Jones Industrial Average finished down 0.3 per cent at 42,982.43.
Nvidia share price
shot up 4.3 per cent to $154.31 giving it a market valuation of around $3.76 trillion -- more valuable than
Microsoft
,
Apple
and other tech giants. The rise came as CEO Jensen Huang presented the company's latest technologies at Nvidia's annual meeting, AFP reported.
Among other companies, FedEx fell 3.3 per cent after the shipping company did not provide a full-year forecast, citing uncertainty about the global trade outlook and tariffs. Tesla dropped 3.8 per cent after the company's car sales sank again in Europe last month, the latest poor result from Elon Musk's company in the region. General Mills dropped 5.1 per cent on disappointment over the company's forecast. The food giant expects a drop of 10 to 15 per cent in operating profit.
But large banks had a good day with JPMorgan Chase and Citigroup winning one percent or more as the Federal Reserve proposed easing capital rule requirements.
The mixed session followed two strong days for equities after conditions in the Middle East stabilized on Monday and Tuesday, with Iran and Israel agreeing to a ceasefire.
"Investors are sort of catching their breath, since we had a very strong move on Monday and Tuesday," said Sam Stovall, chief investment officer at CFRA Research. Stovall also noted that markets are approaching new all-time highs and "usually it takes a couple of attempts" before breaking through.
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Q1. Which are top three indexes of US Stock Market?
A1. Top three indexes of US Stock Market are S&P 500, Nasdaq, Dow Jones.
Q2. What is share price of Nvidia?
A2. Nvidia share price shot up 4.3 percent to $154.31.
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