Nvidia Closes at Record High, Market Cap Surpasses $5 Trillion
Nvidia stock closed at its first record since October as a rally in Intel pushed the entire chipmaker sector higher. Strong AI demand continues driving the technology market. The company's market capitalization has passed the $5 trillion milestone.
Nvidia's achievement reflects surging demand for AI chips. Intel's strong guidance boosted sector-wide optimism, with investors anticipating higher CPU demand. GPU and CPU makers ranked among this week's best-performing sectors.
The S&P 500 trades near records while Nasdaq hit an all-time high. The technology sector's dominance continues to drive overall market performance positively. Investors await earnings reports from major tech firms next week.
However, some analysts warn the market may be overvalued. Iran war and energy price uncertainty pose correction risks.
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