Nvidia Closed at $239.24, Up 0.14%, on a $5.773 Trillion…
By Tobi Opeyemi Amure
AI summary of the source article
Nvidia closed at $239.24 on Tuesday, gaining 0.14% and valuing the company at roughly $5.773 trillion according to Nasdaq quote data. Although the stock set a record close, it faded from an intraday high of $243.37 and lagged both the broader market and peers such as Microsoft and Amazon. The S&P 500 rose 0.58% to 7,818.93, while the Nasdaq Composite gained 0.45% to 27,599.89. Analyst sentiment remained positive, with Citi reiterating a Buy rating on Nvidia. The session marked Nvidia's smallest daily gain across a five-session upward run.
Why it matters
While Nvidia achieved a record close, its late-day fade and underperformance relative to major indexes and tech peers highlight that the session was not driven by Nvidia leadership.
Key facts
- Nvidia closed at $239.24 on trading volume of 101,701,900 shares, reflecting a market valuation of about $5.773 trillion.
- The S&P 500 rose 0.58% to close at 7,818.93, while the Nasdaq Composite gained 0.45% to end at 27,599.89.
- Microsoft gained 0.78% to close at $529.30, and Amazon rose 1.95% to finish at $256.29.