Nvidia stock closes at record, pushing market cap past $5 trillion
Nvidia stock closes at record, market cap exceeds $5 trillion.
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nvidia shares closed at a record high on wednesday — the first since october — pushing its market cap past $5 trillion. the stock gained 3.5% on the day. a rally in intel helped lift the broader chip sector, with the philadelphia semiconductor index up 2.1%. nvidia's record caps a year where the company's valuation has more than doubled, driven by sustained demand for its ai chips.
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