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Nvidia Makes Wall Street History: $4 TRILLION Market Cap!
Stock Market Stuns! Is a Crash Coming or Are Traders Too Cool to Care?
Hold onto your wallets, folks! The stock market is taking us on a wild ride yet again! After a brief dip, the markets are back on their feet — and you won’t believe who just shattered records! Tech titan Nvidia has officially blasted through the $4 trillion market cap barrier, becoming the very FIRST company to do so!
Stocks Surge Amid Tariff Turmoil!
On Wednesday, the S&P 500 shot up by 0.6%, and the Nasdaq skyrocketed 0.9%! Even the Dow Jones managed to rise 218 points! What’s going on here? Traders, seemingly unfazed by the looming specter of tariffs — yes, those dreaded trade taxes that once sent markets spiraling — appear to have adopted a ‘bring it on’ attitude as the market sails on!
Remember when President Trump’s tariffs triggered a market meltdown back in April? Well, this time around, investors are chilling as news of renewed tariffs surfaces. Markets dipped a smidge but held firm – a testament to resilience amidst chaos!
Tariff Deadline Extension: Yawn or Alarm?
Mark your calendars! July 9 was supposed to be the deadline for a 90-day tariff pause, but guess what? Trump just did a classic political move and pushed it to August 1! He’s even thrown “tariff letters” at seven new countries, including the Philippines and Brunei — but traders just shrugged it off this time!
Meanwhile, Asian markets are facing the heat, with Shanghai sinking 0.13% and stocks in Hong Kong plunging 1.06%. Just a little hiccup, right?
Nvidia’s Unstoppable Ascent: Who Can Keep Up?
Back to the star of the show! Nvidia is ON FIRE! The semiconductor marvel saw shares jump 1.8% to a jaw-dropping $162.86. This stock isn’t just a pretty face; it’s been the driving force behind a two-year rally in the S&P 500, racking up over 20% growth annually.
Investors were eager to capitalize on shares after a slight dip last week, and after the market closed, the excitement sent shares soaring before stabilizing. Nvidia has now outpaced legendary rivals like Apple and Microsoft to claim this monumental victory!
With a staggering 17% rise this year and a relentless 1,453% surge over the last five years, Nvidia is not just leading the pack; it’s redefining the game!
Stay tuned, because the stock saga is far from over, and with Nvidia’s explosive rise, who knows what’s next? Buckle up, the financial thrill-ride continues!
photo credit: fortune.com
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