Nvidia Stock Approaches Becoming the Most Valuable in the World
Nvidia’s stock saw a remarkable rise during today’s trading, briefly allowing the company to surpass Apple (NASDAQ: AAPL)
and become the most valuable globally. This surge was driven by the increasing demand for its advanced AI chips.
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Nvidia
Nvidia’s stock rose by 2.16%, or $3.03, reaching $143.44. In contrast, Apple’s stock gained 0.87%, or $2, to settle around $232.58.
According to market data, Nvidia’s market value reached $3.53 trillion, briefly surpassing Apple, which reclaimed its top spot with a current market value of about $3.54 trillion after its stock rebounded.
Japan
Japanese stocks witness strong gains.
Japan’s stock market closed on a strong note on Monday, with the Nikkei index recording its best daily performance in almost a month, benefiting from the yen’s drop to a three-month low against the US dollar. This yen decline followed parliamentary election results, where Prime Minister Shigeru Ishiba’s party lost the chance to form a parliamentary majority for the first time since 2009, increasing uncertainty regarding policy and the economy.
The Liberal Democratic Party, led by Ishiba, along with its junior coalition partner Komeito, secured 215 seats in the House of Representatives, falling short of the 233-seat majority required, compared to the 247 seats previously held.
By the end of trading, Japan’s Nikkei index climbed 691.46 points, or 1.82%, closing at 39,605.31 points, marking the best daily performance since September 27. The Topix index also rose by 1.51%, closing at 2,657.78 points, achieving its best performance since October 7.
Bitcoin
Bitcoin surpasses $68,000 once again.
Cryptocurrencies rose during Monday’s trading as investors took advantage of Bitcoin’s recent dip following reports that U.S. authorities are investigating the issuer of Tether due to allegations of financing illegal activities.
According to the data, Bitcoin increased by 0.97% to $68,345.7, while Ethereum rose by 0.79% to $2,508.6, and Ripple recorded a 0.48% gain, reaching 51.5 cents as of 10:55 a.m. Mecca time.
Nvidia Stock Approaches Becoming the Most Valuable in the World