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Nvidia Shares Rise After Market Cap Reaches $5.7 Trillion

MT Newswires Live
5 hours ago

Nvidia (NVDA) shares rose 1.7% in recent Friday trading after the stock earlier reached a record intraday high of $237.87, lifting its market capitalization to $5.7 trillion.

The shares opened at $236.05 after closing at $230.86 on Thursday.

The chipmaker is well positioned as the AI bottleneck shifts from semiconductor production limits to the pace of data center construction and financing, Morgan Stanley said in a report, reinstating the company as its top pick in semiconductors.

Earlier Friday, Nvidia said its DGX Spark personal AI computer will be offered in a new 64-gigabyte unified-memory configuration from Acer, Asus, Dell (DELL), Gigabyte, HP (HPQ), and MSI starting Oct. 23.

Price: 234.71, Change: +3.85, Percent Change: +1.67

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