Nvidia Becomes Second Most Valuable U.S. Company
Surpassing Apple, Nvidia's market cap hits $3 trillion driven by AI advancements and strategic moves.
- Nvidia's valuation has tripled in just over a year, now only trailing behind Microsoft.
- Key factors include high demand for AI hardware and strategic shifts by major tech players like Elon Musk.
- Nvidia's rise highlights the tech industry's increasing concentration in a few leading companies.
- The European Central Bank has cut interest rates, diverging from U.S. Federal Reserve policies.
- Initial jobless claims data suggest a cooling U.S. labor market, potentially influencing future Fed decisions.
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