Nvidia Hits Record High as Market Value Reaches $5.7 Trillion
60-second summary
AI chipmaker Nvidia shatters its May peak on Friday, propelled by a record $150 billion share buyback and a soft jobs report that eases expectations of further Federal Reserve rate hikes; the stock surge lifts the company’s market capitalization to $5.7 trillion, reinforcing bullish sentiment across the tech sector and prompting investors to re‑price growth expectations.
The AI chipmaker's stock topped its May peak on Friday, helped by a record $150 billion buyback and a weak jobs report that cooled bets on Fed rate hikes.