Stock Market Today: Nvidia Sets New Standard, Closes Above $4 Trillion Mark

Core Viewpoint - Nvidia's shares have shown strong performance, surpassing a market capitalization of $4 trillion, solidifying its position as the largest public company globally [1]. Group 1: Stock Performance - Nvidia shares increased by 0.7% to close at $164.10, with trading occurring between $161.63 and $164.49 [1]. - The stock traded on lighter-than-normal volume, with approximately 166 million shares exchanged compared to a 50-day average of about 215 million shares [3]. - Nvidia continues to demonstrate technical strength, trading above its 50-day moving average of $138.40 and 200-day moving average of $130.92 [3]. Group 2: Market Context - The S&P 500 and Dow Jones Industrial Average also finished positively, gaining 0.27% and 0.43% respectively [2]. - Competitors like Advanced Micro Devices (AMD) and Intel also saw gains, with AMD surging 4.2% to $144.16 and Intel rising 1.62% to $23.82 [2]. Group 3: Positive Catalysts - Recent positive developments include OpenAI reaffirming its preference for Nvidia GPUs and reports of Nvidia developing China-compliant Blackwell-based AI chips to address export controls [4]. - Goldman Sachs analysts initiated coverage with a "buy" rating and a price target of $185, highlighting Nvidia's sustained leadership in AI compute [4].