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Stock Market Today: Nasdaq closes above 17,000 for first time as Nvidia shines

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Stock Market Today: Nasdaq closes above 17,000 for first time as Nvidia shines

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.

 

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