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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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...
Source: MarketWatch - 🏆 3. / 97 Read more »

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...
Source: MarketWatch - 🏆 3. / 97 Read more »