Nvidia’s stock on track for record closing high, $1.2 trillion market cap

Nvidia Corp.

shares were on track to resume their year-to-date push higher Tuesday, as the stock eyed its first new record closing high in more than a month. Nvidia shares rallied nearly 5% Tuesday to an intraday high of $490.81, while the S&P 500 index SPX, +1.24% gained 1.3%. Last week, shares surpassed the $500 mark for the first time, reaching an all-time intraday high of $502.66, but walked back those gains to close marginally higher, just below July’s record of $474.94.

announced that the chip maker’s cutting-edge data-center chips are powering Google Cloud Platform and its PaxML large language model. Nvidia shares are up 235% year to date, compared with a 17% gain on the S&P 500.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Microsoft Corp. stock rises Monday, still underperforms marketShares of Microsoft Corp. inched 0.22% higher to $323.70 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »

GameStop Corp. Cl A stock outperforms market on strong trading dayShares of GameStop Corp. Cl A rallied 2.57% to $17.57 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »