Nvidia becomes first company to surpass $3.6 trillion market value after President Trump election win
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The dominant AI chipmaker’s shares rose 2.2%, lifted by broad investor optimism about tax cuts and lower regulations after the Republican candidate’s Tuesday election victory.
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Nvidia’s stock market value ended the day at $3.65 trillion, beating Apple’s record closing market capitalization of $3.57 trillion reached on Oct. 21, before the chipmaker on Tuesday overtook the iPhone maker as the world’s most valuable company, according to LSEG data.
Apple’s stock rose 2.1% on Thursday, leaving it with a market value of $3.44 trillion.
The S&P 500 technology index has surged over 4% in the two sessions since Trump won the election on Tuesday.
Via: Reuters.com
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