Nvidia (NVDA 0. 75%) s climbed 0. 7% on Thursday, July 10, to close at $164.
10, outperforming the broader market and pushing the chipmaker over the $4 trillion market capitalization threshold at the close of trading. The stock traded between $161. 63 and $164.
49 throughout the session, and the close above $4 trillion added to its position as the largest public company globally.
The S&P 500 and Dow Jones Industrial Average also in positive territory, gaining 0. 43% respectively. Nvidia's competitors posted stronger gains, with Advanced Micro Devices (AMD 4. 10%) surging 4.
2% to $144. 16 ing an HSBC analyst upgrading its rating to "buy" with a $200 price target based on strong momentum for its MI350 AI GPUs. Intel (INTC 1. 49%) s rose 1. 62% to $23.
82, extending gains after a Citigroup price target increase and investor optimism around the company's restructuring efforts.
Nvidia traded on lighter-than-normal volume, with apximately 166 million s changing hands compared to its 50-day average of 215 million s.
The stock continues to show nical strength, trading above both its 50-day ($138. 40) and 200-day ($130. 92) moving averages.
Recent positive catalysts include OpenAI reaffirming its preference for Nvidia GPUs and reports of the company China-compliant Blackwell-based AI chips to navigate export controls.
Goldman Sachs analysts initiated coverage with a "buy" rating and $185 price target, citing Nvidia's sustained leadership in AI compute. HSBC Holdings is an advertising partner of Motley Fool Money.
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