AI Boom Pushes S&P 500 to 7,609.78 Record High; Nvidia CEO Predicts Marvell $1 Trillion
NVDA•The S&P 500 climbed 0.1% to 7,609.78 and the Dow added 0.4% to 51,307.79 as the Nasdaq ticked up under 0.1% to 27,093.90, marking fresh record highs. Nvidia’s CEO projected Marvell Technology could reach a $1 trillion valuation, triggering Marvell’s largest single-day share gain on record.
1. Market Index Performance
On Tuesday, the S&P 500 advanced 0.1% to 7,609.78, surpassing its previous all-time high, while the Dow Jones Industrial Average rose 0.4% to 51,307.79 and the Nasdaq Composite edged up under 0.1% to 27,093.90, driven by strength in technology and AI-related stocks.
2. Nvidia CEO’s Marvell Projection Spurs Rally
Nvidia’s CEO suggested that Marvell Technology could be the next company to achieve a $1 trillion market valuation, prompting Marvell shares to surge by their largest margin ever as investors intensified bets on the expanding AI-driven semiconductor sector.
