Investing.com -- The Nasdaq closed above 17,000 for the first time ever Tuesday, underpinned by a surge in Nvidia amid ongoing AI-led optimism.) stock rose 7%, with the tech giant’s market value surpassing $2.5 trillion since its quarterly results, solidifying its position as the third most valuable company on Wall Street.
"We think the AI investment cycle remains early with a new inference infrastructure buildout similar to the scale of all datacenters globally once uptake is ubiquitous," Macquarie said in Tuesday note.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Nasdaq shrugs off hot inflation data to clinch record closeStock Market Today: Nasdaq shrugs off hot inflation data to clinch record close
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earningsStock Market Today: S&P 500, Nasdaq in record close ahead of Nvidia earnings
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: Nasdaq clinches record close as tech reigns supremeStock Market Today: Nasdaq clinches record close as tech reigns supreme
Source: Investingcom - 🏆 450. / 53 Read more »
Stock Market Today: Tech Leads Nasdaq Higher Ahead of Apple EarningsInvestors are looking toward Apple results and the April jobs report to keep the rally going.
Source: Newsweek - 🏆 468. / 52 Read more »
Stock market today: Asian shares mostly decline after Nasdaq ticks to a record highAsian shares have retreated even after most U.S. stock indexes finished higher, especially technology issues like Nvidia. Indexes in Japan, Australia, South Korea and China fell in Tuesday trading. Oil prices also were lower. U.S.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Global shares mostly decline after Nasdaq ticks to a record highGlobal shares have retreated even after most U.S. stock indexes finished higher, especially technology issues like Nvidia.
Source: wjxt4 - 🏆 246. / 63 Read more »