Nasdaq Reaches Record High as Nvidia Surpasses $2 Trillion Market Cap

The stock market saw some significant movements today, with chip stocks soaring on the back of increased demand for artificial intelligence technology. Nvidia, in particular, reached a milestone by surpassing a $2 trillion market cap for the first time. On the flip side, sectors like casinos and cybersecurity lagged behind.

In other news, Fisker, an electric vehicle maker, faced a steep decline in its stock price after expressing doubts about its ability to stay in business due to financial constraints. On the contrary, Plug Power reassured investors that it was no longer at risk of shutting down, leading to a surge in its stock price.

NetApp also made headlines with a strong performance in the stock market after reporting solid quarterly earnings and raising its full-year outlook. The cloud storage provider’s stock jumped significantly, reflecting growing demand for its cloud-based data management solutions.

Additionally, Dell Technologies saw a boost in its stock price following better-than-expected earnings driven by the momentum in artificial intelligence technology. The company’s partnership with AI leaders like Nvidia and AMD positioned it well to benefit from the AI boom.

Overall, the stock market showed a mix of ups and downs, with some companies facing challenges while others capitalized on emerging trends and strong financial performance. Investors will be closely watching how these developments unfold in the coming days.