Finance·Nvidia makes history with $4 trillion market cap while brush off tariff worriesBY Paolo ConfinoBY Paolo ConfinoReporterPaolo ConfinoReporterPaolo Confino is a reporter on Fortune’s global news desk where he covers each day’s most important stories.
SEE FULL BIO Nvidia CEO Jensen Huang led the company to a historic $4 trillion valuation.
Chesnot/Getty ImagesTraders seem to be unbothered that tariffs’ return to the spotlight could lead to another market crash.
As stocks rose, Nvidia became the first company to ever reach a market cap valued at $4 trillion. Stocks rose on Wednesday after two days of declines.
Those downturns ved to be little more than blips in the continuous—albeit choppy—march the stock market has had since its recent nadirs in April.
Meanwhile, juggernaut Nvidia hit a historic new $4 trillion milestone. The S&P 500 rose 0. The -heavy Nasdaq climbed 0. While the Dow Jones ticked up 218 points, good for a 0.
5% increase, after taking the worst of the two-day slump.
Traders seemed to ignore this round of tariff news—a stark contrast to their reaction in April when President Donald Trump’s initial burst of tariff policies caused a broad market sell off that hit equities, the U.
Dollar, and the bond market. When tariffs returned to the forefront right before the July 4th holiday last week, investors had already braced themselves.
Dipped a little but stayed largely in the range of their recent highs. Wednesday, July 9 marked the deadline for a 90-day pause on tariffs. However, Trump has since ext the deadline to Aug.
On Wednesday, the President sent “tariff letters” to seven new countries including the Philippines, Moldova, and Brunei. Asian were mostly down on the news of renewed tariff policies.
Shangai’s SSE Composite dipped 0. Stocks in Hong Kong dropped 1. 06% during the session. The ASX 200 and the NIFTY 50 slipped 0. 18% respectively. A rare bright spot was the Nikkei which is up 0.
33% on the day. Nvidia’s historic $4 trillion market cap Back in the U. , stock market darling and semiconductor juggernaut Nvidia became the first company with a $4 trillion valuation.
8% on Wednesday hitting a price of $162. Nvidia became the poster child for the AI market rally that led the S&P 500 to back-to-back years of more than 20% growth.
The company’s s shot up as soon as closed. Investors were eager to scoop up s after s fell slightly over the past week.
After that initial exuberance, the price tailed off into before plateauing around 11a. S remained stable throughout the rest of the session.
Nvidia beat other legendary giants in Apple and Microsoft to the $4 trillion mark. Since the start of the year Nvidia’s stock is up 17%.
Though that is a relatively calm year for the chipmaker, which has seen its stock rise 1,453% over the last five years.
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