nvidia Hits $4 Trillion Valuation as Nasdaq Soars
On July 9, major U.S. stock indices saw gains, with the Nasdaq leading the pack. The tech-heavy index rose by 0.65%, thanks to strong performances from tech stocks like Nvidia. The Dow Jones climbed 0.31%, and the S&P 500 added 0.36%.
Nvidia’s stock surged 2%,pushing it past Microsoft and Apple. This made it the first company to hit a $4 trillion valuation.
Despite these gains, there’s a cloud on the horizon. President Donald Trump has issued new tariff threats against 20 countries, including the Philippines, Iraq, Moldova, and Algeria. The tariffs, ranging from 20% to 30%, are set to take effect on August 1 unless trade agreements are reached.
These tariffs have raised concerns about their impact on global growth and inflation. Markets are now trying to figure out if these measures are just a negotiation tactic or a sign of a critically important shift in U.S. trade policy.
For now, Nvidia’s success in the AI hardware sector has overshadowed these worries.But the broader tech rally remains cautious as the trade situation unfolds.
