Nvidia Stock Rises. Here’s How Far Away It Is From a $4 Trillion Market Value

Dow Jones07-09

Nvidia stock rose on Tuesday, putting the artificial-intelligence chip designer on the brink of a record-breaking valuation.

Shares climbed 1.1% to $160. The S&P 500 was down slightly.

If Nvidia stock can trade at or above $160.46, Nvidia would pass the record $3.915 trillion closing market capitalization that Apple closed at in late December, according to Dow Jones Market Data. Shares would need to rise to $163.93 to make the semiconductor maker the first company ever to reach a $4 trillion valuation.

Nvidia stock has been rallying since late April on the expectation that the surge in demand for AI will carry on boosting its earnings. Investors seem to have gotten over the worst of their fears about U.S. trade policies, even though CEO Jensen Huang warned in May that curbs on chip exports to China could dent sales by $15 billion.

Other semiconductor stocks also rose on Tuesday. Advanced Micro Devices (AMD) jumped 2.2%, Intel added 7.2%, and Qualcomm climbed 0.9%.

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