BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Nvidia Stock Hits Record High Amid Broader Market Rally
Nvidia Stock Hits Record High Amid Broader Market Rally
19
3
BTCCSquare news:
Nvidia's stock surged to a historic peak of $154.45 on June 25, marking its first record close since January. The 4% afternoon gain coincided with a broader market uptick, as the S&P 500 hovered within 1% of its own all-time high.
Investors shrugged off concerns about U.S. export controls limiting Nvidia's AI chip sales to China. The chipmaker now commands a $3.8 trillion market cap, surpassing Microsoft and Apple as the world's most valuable public company.
Persistent challenges remain in China, where new restrictions cost Nvidia an estimated $8 billion in lost H20 processor sales. Management has signaled reduced reliance on the Chinese market going forward.
By:
Previous
Theta Labs Unveils Hybrid Edge Cloud Architecture with Dynamic GPU Marketplace
Next
Trump’s Cryptic Victory Sparks Economic Paradigm Shift in America
