Nvidia, Stock
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(Reuters) -U.S. stock index futures eased on Thursday, a day after markets were supported by Nvidia's fleeting $4 trillion milestone, while investors shifted their focus to upcoming economic data and pivotal trade talks.
Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.
Nvidia ( NVDA 1.80%) remains one of the best artificial intelligence (AI) stocks on the market. But with the chipmaker now trading at a price-to-sales multiple of 26.4, many investors may wonder if shares have gotten too expensive to buy. Don't be fooled: Nvidia stock is still reasonably priced.
The stunning rise of Nvidia to become the first publicly traded company valued at US$4 trillion underscores the massive importance to the stock market of the AI chipmaker and the technology sector. Reaching the lofty milestone caps a massive run for Nvidia's stock price,
Wall Street looked to keep momentum from a tech-fueled rally that saw Nvidia leap to become the world's first $4 trillion public company.
The chip maker’s stock touched an intraday level needed to achieve a $4 trillion market cap, and set a new peak closing market-cap record
Nvidia reached another milestone in its rise to becoming one of the world's most important companies: the first publicly traded company to reach a market value of $4 trillion.