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Stock Market Today: Nvidia Edges Higher on AI Demand, Hitting a New All-Time High
The Motley Foolยท 2025-07-08 22:02
Core Insights - Nvidia shares increased by 1.1% to close at $160, contrasting with the cautious sentiment affecting major indices like the Nasdaq Composite and S&P 500 [1] - The stock traded within a narrow range, indicating steady buying pressure, despite lower trading volume compared to its 50-day average [2] - Nvidia's strong performance is attributed to robust demand for its data center GPUs and AI acceleration solutions, reflecting institutional confidence in its market position [4] Company Performance - Nvidia's stock reached an all-time high, showcasing resilience amid market uncertainties [4] - The trading volume for Nvidia was approximately 135 million shares, significantly below the 50-day average of 247 million shares [2] - In comparison, rival Advanced Micro Devices (AMD) gained 2.2% and traditional chipmaker Intel saw a 7.2% increase, indicating overall strength in the semiconductor sector [3] Market Context - The technology sector faced mixed economic signals, with concerns about tariffs and inflation impacting major indices [1] - Despite these challenges, Nvidia's performance highlights its dominant position in AI infrastructure and sustained growth in high-performance computing markets [4]