Both the S&P 500 and the tech-dominated Nasdaq set new records, with Nvidia closing above $2tn for the first time
US stock markets closed at record highs on Friday powered by investors’ continued enthusiasm for artificial intelligence (AI).
Both the S&P 500 and the tech-dominated Nasdaq set records, with the Nasdaq passing its last peak in 2021, driven higher by gains for Facebook owner Meta and Nvidia, the leading AI chipmaker.
Nvidia closed above $2tn in market value for the first time. Nvidia’s market value has doubled in nine months. Shares of rival Advanced Micro Devices also reached a record high, and the broader Philadelphia semiconductor index set a new record.
