NVIDIA powers NASDAQ to record high
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June inflation data released Tuesday represented an increase from May levels, despite the headline numbers matching expectations.
The Nasdaq Composite reached another record closing due to Nvidia's share surge, despite other Wall Street indices declining. This performance marks Nasdaq's fourth record close in five sessions, influenced by Nvidia's AI chip plans.
Shares of Nvidia ended up 0.75 percent at $164.10, giving it a market value of $4.004 trillion as it benefits from an ongoing surge in demand for artificial-intelligence technologies. Nvidia’s stock market value briefly peaked above $4 trillion on Wednesday before closing at about $3.97 trillion.
Nvidia's stock finished up 2.4% in Monday trading to end at $138.07 and secure a new record close. Prior to that, the stock last finished in record territory on June 18.
Nvidia Corporation continues to lead in AI & data centers, fueling stock growth despite risks & high valuations. Click for my NVDA update.
NVIDIA delivered strong financial performance in Q1 2026 and maintained momentum in the AI sector, breaking record levels and continuing to rally despite ongoing trade tensions, export restrictions, and geopolitical uncertainty.
Nvidia briefly eclipsed a $4 trillion valuation on Wednesday. Nvidia's growth is closely tied to the expansion of AI data centers. Investors need to see Nvidia's growth stay rapid to justify its stock price.
Nvidia stock hits record highs as U.S. export licenses unlock access to China’s $50B AI market. Click here to read an analysis of NVDA stock now.