Nvidia hits record close, nears unprecedented $6 trillion valuation
Nvidia’s market value reached roughly $5.7 trillion as shares rallied alongside a record $150 billion buyback. Decrypt and The Next Web reported a new record, but The Economic Times said Friday’s 1.3% closing gain left shares below their May high. Decrypt also linked the rise to weak jobs data that reduced expectations of Federal Reserve rate hikes.
- Shares have gained about 27% this year, according to Quartz.
- The Next Web cited AI agent demand as another driver of the rally.
Covered by 2 publishers within 17 hours of the first report.
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Quartz Nvidia hits record close, nears unprecedented $6 trillion valuation · Cris Tolomia
The Economic Times Nvidia falls short of May record as value nears $6 trillion
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Topics Nvidia